This newsletter has important information regarding the stimulus checks and updates to the IRS system that is allowing many more taxpayers to update their direct deposit information with the IRS to receive their stimulus payments.
Here is the website to update your direct deposit information with the IRS: IRS Get My Payment Tool
The Internal Revenue Service announced yesterday significant enhancements to the “Get My Payment” tool to deliver an improved and smoother experience for Americans eligible to receive Economic Impact Payments.
The enhancements, which started last week and continued through the weekend, adjusted several items related to the online tool, which debuted on April 15. The additional changes will help millions of additional taxpayers with new or expanded information and access to adding direct deposit information.
How to use Get My Payment
Available only on IRS.gov, the online application is safe and secure to use. Taxpayers only need a few pieces of information to quickly obtain the status of their payment and, where needed, provide their bank account information. Having a copy of their most recent tax return can help speed the process.
As a reminder, Get My Payment is a U.S. Government system for authorized use only. The tool is solely for use by individuals or those legally authorized by the individual to access their information. Unauthorized use is prohibited and subject to criminal and civil penalties.
For taxpayers to track the status of their payment, this feature will show taxpayers the scheduled delivery date by direct deposit or mail and the last four digits of the bank account being used if the IRS has direct deposit information. They will need to enter basic information including:
- Social Security number
- Date of birth, and
- Mailing address used on their tax return.
- Taxpayers needing to add their bank account information to speed receipt of their payment will also need to provide the following additional information:
- Their Adjusted Gross Income from their most recent tax return submitted, either 2019 or 2018
- The refund or amount owed from their latest filed tax return
- Bank account type, account and routing numbers
Get My Payment cannot update bank account information after an Economic Impact Payment has been scheduled for delivery. To help protect against potential fraud, the tool also does not allow people to change bank account information already on file with the IRS.
Frequently Asked Questions:
We’ve received many questions from clients regarding the stimulus checks and the IRS has answered the majority of frequently asked questions here: IRS FAQs
If you have any other questions relating to the items above or would like to file your 2019 tax returns please reach out!