IRS Sends Out First Wave Of Coronavirus Stimulus Checks


With a 12-year-old son at home, Webley is eligible for $1,700 ― but the free tax sites wouldn't let her file, and she didn't have any luck with a new TurboTax program that is supposed to work better than existing free software.

Americans eligible for the coronavirus economic stimulus package have started seeing payments arrive in their accounts.

The Internal Revenue Service has expanded its July tax deadline to include additional 2019 income tax returns and payments. Otherwise they will be sent by mail. The tool will also allow them to receive a direct deposit, according to CNN. If you have an actual bank account, you can go to the IRS website and fill out your banking information in order to get your stimulus sooner.

The IRS said the new tool should be simple to use.

A senior Treasury official told Fox News on Friday that by the middle of next week, tens of millions of eligible Americans will have money from the federal government directly deposited into their bank accounts. Otherwise, the payment will be mailed out. That amount is reduced for people who earn an adjusted gross income of more than $112,000 a year. But given the enormous pressure the agency is under to disburse these payments as rapidly as possible, it seems likely that at least some Americans will get scammed out of their stimulus payments.

Page 1 of 2 in the IRS stimulus payment application page for non-filers.

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"#IRS deposited the first Economic Impact Payments into taxpayers' bank accounts today", the IRS announced in a tweet Saturday.

The IRS will never call, text, email or reach out to consumer via social media to say it needs more information to process a payment.

For those who were not required to file tax returns in 2018 or 2019, the IRS has launched a similar web tool to determine eligibility and register for the stimulus check.

The tool that is available now for nonfilers is designed for those who didn't file a tax return for 2018 or 2019 and who don't receive Social Security retirement or disability benefits or Railroad Retirement benefits.

Owing back taxes or other debt to the government does not disqualify a person from being eligible for the payments.

Students who are age 17 or older don't qualify for a stimulus check if their parents or guardians claim them as a dependent.