Introduction
The COVID-19 pandemic has caused economic hardship for many people around the world. As a result, the US government has implemented a Stimulus Check program to help those who have been financially impacted by the pandemic. The Stimulus Check is a one-time payment of up to $1,200 for eligible individuals and $2,400 for married couples filing jointly. But if you want to receive your Stimulus Check quickly, you’ll need to set up direct deposit with the Internal Revenue Service (IRS). Here’s a step-by-step guide on how to do it.
Contact Your Bank to Set Up Direct Deposit
The first step in setting up direct deposit for your Stimulus Check is to contact your bank or financial institution. Most banks offer direct deposit services and can help you set up an account. Once you’ve set up your account, you’ll need to provide your bank with your routing and account numbers so that the IRS can send your Stimulus Check directly to your bank. The benefit of setting up direct deposit is that you can receive your Stimulus Check much faster than if you were to receive a paper check.
Update Your Payment Information with the IRS
Once you’ve set up direct deposit with your bank, you’ll need to update your payment information with the IRS. You can do this by logging into the IRS’s online portal, the “Get My Payment” tool. Here, you’ll be able to enter your bank account information so that the IRS can send your Stimulus Check directly to your bank. It’s important to note that you’ll need to update your payment information before the deadline in order to receive your Stimulus Check.
Check Your Eligibility for a Stimulus Check
In order to receive a Stimulus Check, you must meet certain eligibility requirements. Generally, you must be a US citizen or permanent resident, have a valid Social Security number, and have an adjusted gross income (AGI) of less than $75,000 for single filers or $150,000 for joint filers. If you don’t meet these requirements, you may not be eligible to receive a Stimulus Check.
Submit a Non-Filers Tax Form
If you are not required to file taxes but still wish to receive a Stimulus Check, you can submit a Non-Filers Tax Form. This form is used to verify your identity and provide the IRS with the necessary information to determine your eligibility for the Stimulus Check. You can submit the form online or by mail, and it typically takes about 10 days for the IRS to process the form.
Use the Get My Payment Tool
The Get My Payment tool is an online portal that allows you to track the status of your Stimulus Check. You can use the tool to check when your Stimulus Check was sent, when it was received, and if it was sent via direct deposit or paper check. The tool also allows you to update your payment information if you need to change your bank account information or add a new one.
Sign Up for Direct Deposit with a Tax Preparer
If you’re having trouble setting up direct deposit with the IRS, you may want to consider working with a tax preparer. A tax preparer can help you set up direct deposit for your Stimulus Check and ensure that all of the necessary paperwork is completed correctly. Additionally, a tax preparer can help you determine your eligibility for the Stimulus Check and answer any questions you may have.
Conclusion
Getting your Stimulus Check direct deposited is a simple and efficient way to receive your payment quickly. By following the steps outlined above, you can easily set up direct deposit with your bank or financial institution, update your payment information with the IRS, and check your eligibility for the Stimulus Check. Additionally, you can submit a Non-Filers Tax Form if you don’t need to file taxes and sign up for direct deposit with a tax preparer if needed. Lastly, don’t forget to use the Get My Payment tool to track the status of your Stimulus Check.
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