Facts About Stimulus Checks
- Distribution begins on April 9th for those with federal tax direct deposit.
- The second wave of distribution will be paid out the week of April 20th.
- The third, and final round will take place through May, and possibly longer, for mailed checks.
- For quickest payment, file taxes using direct deposit.
- Tax filers with adjusted gross income up to $75,000 a person, $150,000 a couple (for joint filers) will get full amount of $1200 a person, $2400 a couple, and $500 per qualifying child.
- The amount is reduced $5 for each $100 above the $75,000/$150,000 thresholds.
- If you have filed in 2018 or 2019, no action is needed. Payments will be direct deposited into the account noted on your returns.
- If you have not filed a tax return in 2018 or 2019, file a simple tax return to receive the payment.
- If you did not use direct deposit, check IRS.gov/coronavirus for upcoming instructions on how to receive your check.
- Do not rely on other websites! Scammers are working overtime.
You can also enter your direct deposit information if you did not use that option for 2018 or 2019 refunds. This will help expedite your check.
What to Do With Your Stimulus Check
Pay your bills!
- Debts are deferred, not eliminated.
- Even though most areas have closed courts, evictions will be filed at the end of this pandemic.
- Utility companies will shut off utilities for non-payment.
- Banks will foreclose if mortgages are not paid.
Don't be caught with months of bills! Use your stimulus check to pay what you can now.