Hurry: from May 13, the IRS will not accept the details for the direct transfer of quarantine financial assistance
The Internal Revenue Service (IRS) has set a deadline to which users can enter their account details on the site themselves Get my payment to speed up federal aid for coronavirus. Writes about it CNBC.
It will be possible to expedite the receipt of assistance in the amount of $ 1 by 200:12 (Eastern time) on May 00. After this date, the IRS will begin sending checks to recipients, and it is expected that by the end of May or beginning of June, all recipients will receive financial assistance.
“We want people to visit Get my payment before the Wednesday, May 13 deadline for them to submit their account information, said IRS Commissioner Chuck Rettig. “This will give them the opportunity to receive payments several weeks earlier.”
Congress authorized payouts of up to $ 1 per person and $ 200 for couples, plus $ 2 for children under 400 to help low- and middle-income Americans cope with the Covid-500 crisis.
On the subject: IRS begins paying federal aid for coronavirus: what you need to know
Tool Get my payment can also be used to check payment status. This information is updated once a day.
In addition, there is another web tool for people who usually do not file tax returns. The nonfiler tool allows these people to provide basic information, including a bank account number, in order to expedite financial assistance.
Payments will be automatically sent to individuals receiving state benefits for social security, supplementary insurance income, senior citizens and veterans.
On Friday, May 8, the Treasury Department announced that it had already sent nearly 130 million payments totaling about $ 218 billion. The government expects to send about 150 million payments.
As ForumDaily wrote earlier:
- Coronavirus Federal Payments will not be taxed.
- If the government does not have your direct bank account number, some will wait for mailed checks by September.
- According to the adopted package of financial assistance, there are categories of people who, despite the matching income level, will not receive assistance. Their list is here.
- The topic of government support is actively used by scammers. The schemes used by them and ways to protect themselves from them - here to register:.
- April 15th IRS launches online tool, which will help you enter information about your account, track the payment and receive money as soon as possible. For details on how to use it, read here.
- After the start of payments, many reported that when checking the status of payment online, they found that the money was sent to Incorrect accounts, including dead.
- Most Americans will receive federal coronavirus government aid payments automatically, but there are several reasons why payment may be delayed.
- On April 27, it became known that the IRS improved the tool for tracking payments in connection with the coronavirus: what changed.
- What to do, if IRS Get My Payment tool sends error message: simple life hack
Read also on ForumDaily:
The 6 most common scam schemes in the US: how to protect yourself
Tax Season 2020: Everything You Need to Know About Deferral
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