Insurance Blog: IRS stimulus check! IRS deadline for People to give banking information

Tuesday, May 12, 2020

IRS stimulus check! IRS deadline for People to give banking information

How do you get your stimulus check?

In order to receive your coronavirus stimulus check through your bank, if you are eligible you need to submit your banking information on the IRS website's "Get My Payment" page. You need to update it before 12 o'clock nooon Wednesday, May 13, 2020.

IRS Commissioner Chuck Rettig said: “We’re working hard to get more payments quickly to taxpayers. We want people to visit Get My Payment before the noon Wednesday deadline so they can provide their direct deposit information. Time is running out for a chance to get these payments several weeks earlier through direct deposit.”

There are about 130 million recipients have already received payments amounting to $200 billion, according to IRS. They will start the process of sending paper checks, expected to arrive by mail to millions of people in late May and June.

You can also check the status of your payment on the "Get My Payment page", on the IRS website.

In order to track the status of your payment, you will need to enter the following information:

Social Security Number
Date of birth
Mailing address

To add your bank account information that will speed up the receipt of your payment, you will need to provide the following additional information:

Their Adjusted Gross Income from their most recent tax return submitted, either 2019 or 2018
The refund or amount owed from their latest filed tax return
Bank account type, account and routing numbers