IRS Update on Individual Stimulus Payments

IRS Update on Individual Stimulus Payments

April 10, 2020

In an April 10 announcement, the IRS unveiled new tools for tax filers looking to claim their Economic Impact Payments. The first tool allows non-filers (U.S. citizens who did not file a tax return in 2018 or 2019) to fill out a simple form under “Non-filers: Enter Payment Info Here†to receive their payment.

Taxpayers who have already filed recent returns can expect automatic payments beginning next week, by mail or direct deposit. A new feature called “Get My Payment†will let you track the status of your payment, and enter or update your bank account information. Watch for this update and more information on the new tools via the IRS website.

REDW is committed to keeping you informed at all times, but especially during a crisis of the magnitude of the COVID-19 pandemic. Stay connected with us on LinkedIn and @REDWLLC. Or check out some of our other updates here.

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