• Vanessa Martinez

How to Claim Your Stimulus Check from the IRS This Week

Surely you've heard SOMETHING about the $1,200 stimulus payment - $500 per kid under 17 (the Economic Impact Payment). The money the IRS is passing out to millions starting this week. Still, you might have questions about how this can benefit you, what to expect, and how to claim your check. We don’t blame you!

“People who don’t have a return filing obligation can use this tool to give us basic information so they can receive their Economic Impact Payments as soon as possible,” said IRS Commissioner Chuck Rettig. “The IRS and Free File Alliance have been working around the clock to deliver this new tool to help people.”

The payments SHOULD BE direct deposited automatically, the week of April 12th, IF you have a valid Social Security number; your adjusted gross income (AGI) is under certain limits - Single AGI less than $75K; Married $150K AND

  • Filed a 2019 or 2018 IRS personal tax return; and bank account info is 'on file' (previously used to deposit a refund; or, withdraw a tax payment). Note,

- if you filed a return; but are a dependent of another taxpayer; you will not receive a stimulus payment;-(

  • You receive Social Security retirement, disability (SSDI), survivor benefits

  • You receive Railroad Retirement benefits

It's not an automatic payment if you

  • never filed a 2018 IRS personal tax return; AND DID NOT NEED TO

- because you are a Single filer that made under $12,200; Married less than $24,400;

- because you received Veterans' Disability, Pension, or Survivor Benefits

(the IRS is working on a system to process direct deposit for VA beneficiaries)

- are a beneficiary that receives SS, SDI or RR AND have a dependent under 17



It's not an automatic payment if you

  • never filed a 2018 IRS personal tax return; AND SHOULD HAVE

FILE NOW - Using TurboTax or TaxAct or your preferred tax software


Have SOP.Solutions prepare your 2018 tax returns - PIVOT PRICING


From there, you'll go here. Click 'Get Started'.

From there, you should be in a secure URL where all information entered will be safe and secure.

The IRS does not have my direct deposit information. What can I do?

  • In the coming weeks, Treasury plans to develop a web-based portal for individuals to provide their banking information to the IRS online, so that individuals can receive payments immediately as opposed to checks in the mail. Make certain to check IRS.GOV NOT A LOOK-ALIKE SITE!

Things You Should Know About the Stimulus Money

  • The stimulus check money is NOT taxable income (yay!)

  • The stimulus check money is NOT an advance on your 2020 tax refund.

  • You should receive your check the week of April 12th. Eligible taxpayers who filed tax returns in 2018 or 2019 should receive payment automatically via direct deposit.

  • On April 17th, the IRS is scheduled to release another useful tool called Get My Payment. Get My Payment will provide you with payment updates, including the date your payment is scheduled to be deposited into your bank account or mailed.

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A quick, bite-sized 5-minute video to explain things briefly!