Question 1

I have not filed my 2019 tax return yet, will I still receive an Economic Impact Payment?

Answer

Yes, if you filed your 2018 tax return, or if you did not file your 2018 but have direct deposit of your Social Security or Railroad Benefits

Question 2

I did not receive the Economic Impact Payment. Where is it?

Answer

You can check the status of your payment by clicking this link: https://www.irs.gov/coronavirus/economic-impact-payments. It will redirect you to the IRS’ Get My Payment webpage, where you can then enter your information from your most recently filed tax return to check the status of your Economic Impact Payment.

Question 3

I did not receive a direct deposit refund from my most recently filed tax return. What do I do?

Answer

If you follow the steps in the answer to question 2, you will get the option to enter direct deposit information. The IRS will need your bank routing number and account number. For married couples both spouses must enter direct deposit information separately.

Question 4

I entered my information on the IRS Get My Payment webpage and it shows that my status is not available. What do I do?

Answer

Unfortunately, we have no further guidance on this and IRS phone lines are not currently available. Our expectation is that you would receive a paper check, but this could take months. The IRS updates the Get My Payment results daily, so you may want to check again in 24 hours.

Question 5

Do I qualify for an Economic Impact Payment?

Answer

You must have a social security number, and you CANNOT be a dependent on someone else’s tax return. For a full Economic Impact Payment, AGI (adjusted gross income) must be below $75,000 for individuals, or below $150,000 for married filing joint. Partial payments are available at up to $100,000 AGI for individuals or $200,000 AGI for married filing joint.

Question 6

Will my Economic Impact Payment include the $500 for each dependent?

Answer

Only if the dependent is under the age of 17 and qualifies for the child tax credit. There are no payments available for dependents who do not meet this criteria.

Question 7

What if I don’t qualify for an Economic Impact Payment based on my most recently filed return?

Answer

A tax credit will be available on the 2020 tax return for those that did not receive payment, or those that received reduced payments, using the same income guidelines.

Question 8

Can the IRS take the Economic Impact Payment back on my next tax return?

Answer

No. The payment is not income and you will not owe tax on the payment. It will not reduce your refund or increase the amount you owe when you file your 2020 tax return.

COVID FAQ