The International Revenue Service (IRS) started sending out stimulus payments on Wednesday April 15, 2020.
Over 80 million Americans who included their direct deposit information in their tax returns will get the money by tonight, but others will have to wait a little longer for the check to hit their mail boxes.
Taxpayers who haven’t authorized a direct deposit can update their bank information using the Treasury’s new web portal.
Those who haven’t been required to file tax returns may need to submit some information online before receiving the payment.
How do I know if I will get the stimulus check?
If one of the following describes you, then you will get a stimulus check:
- You are a U.S. citizen or permanent resident who filed federal income taxes for 2018 or 2019 and meet the income thresholds;
- You receive Social Security retirement, disability (SSDI), or survivor benefit; or
- You receive Railroad Retirement benefits.
If your adjusted gross income is less than these numbers, you qualify for a stimulus check:
- Single Filer: $75,000
- Head of Household: $112,500
- Married/Joint Filer : $150,000
If your adjusted gross income is less than these numbers, your stimulus check amount will be:
- Individuals: $1,200
- Married Couples: $2,400
- Dependent Children: $500 (must be 16 years old or younger)
If you fit the criteria above, you will not have to do anything to get a check. It will either be mailed or deposited directly to you.
For more information, visit the IRS Website.
By Kristofel Abella
Ka Lā staff writer