IR-2020-97, May 18, 2020
WASHINGTON — Today, the Internal Revenue Service is starting to add 3,500 telephone representatives to answer some of the most common questions about Economic Impact Payments.
IRS telephone assistance and other services will remain limited, and answers for most of the common questions related to Economic Impact Payments are available on IRS.gov. The IRS anticipates bringing back additional assistors as state and local advisories permit.
Answers for most Economic Impact Payment questions are available on the automated message for people who call the phone number provided in the letter (Notice 1444). Those who need additional assistance at the conclusion of the message will have the option of talking to a telephone representative.
Americans are encouraged to use IRS.gov
The IRS regularly posts new and updated answers to the most frequently asked questions about Economic Impact Payments and the Get My Payment tool. Those who wish to know the status of their Economic Impact Payment are reminded to check Get My Payment regularly; the information is frequently updated as the IRS continues to process the remaining payments for delivery.
For those who are eligible for an Economic Impact Payment but aren't required to file a tax return, the IRS reminds them the Non-Filers tool also remains available in English or Spanish for them to register for a payment.
Tanza Loudenback May 18, 2020, 7:08 Jean Sebastien Evrard/Getty Images About 4 million Americans are expected to be sent debit cards this week loaded with their relief payment. The IRS has so far delivered about 140 million relief payments , mostly by direct deposit. The prepaid debit cards will be issued by MetaBank and can be used anywhere Visa is accepted. Read more personal finance coverage » The Treasury Department on Monday announced plans to deliver millions of remaining relief payments by prepaid debit card this week. "Treasury and the IRS have been working with unprecedented speed to issue Economic Impact Payments to American families," Treasury Secretary Steven Mnuchin said in a statement . "Prepaid debit cards are secure, easy to use, and allow us to deliver Americans their money quickly. Recipients can immediately activate and use the cards safely." Media not supported by AMP.
Tap for full mobile experience. Since mid-April, about 140 million Americans have received relief payments totaling $239 billion, mostly by direct deposit. If the IRS didn't have a person's bank information from previous tax returns or submissions to its new online tools , the agency mailed paper checks. Some federal benefits recipients also received their payments by Direct Express card. About 10 million Americans qualify for payments under the CARES Act but have yet to receive them. The Treasury says about 4 million people will get the prepaid Visa debit cards, issued by MetaBank, this week. "EIP Cards are being distributed to qualified individuals without bank information on file with the IRS, and whose tax return was processed by either the Andover or Austin IRS Service Center," the Treasury statement said. The debit cards will be sent from Money Network Cardholder Services, according to a Frequently Asked Questions page . Enclosed will be instructions on how to activate the card. Only one card will be provided per family. The cards can be used to withdraw cash from an ATM, transfer funds to a bank account, or make purchases wherever Visa is accepted. Recipients of the prepaid card will be able to register the card for online access and visit EIPCard.com to check their balance and transaction history. The relief payments are largely based on adjusted gross income reported on 2018 and 2019 tax returns. Anyone with a Social Security number who isn't claimed on someone else's tax return as a dependent — and earns below $99,000 as a single filer, $198,000 as a joint filer, and $136,500 as a head of household filer — is in line to receive a payment. Nonfilers and people who receive federal benefits also get payments. Couples who file jointly could get up to $2,400 , and individual filers can get up to $1,200, plus an extra $500 a child under age 17. Read more on managing your money in this tumultuous time: 3 options for people struggling to pay their mortgage during the global health crisis 4 reasons to get disability insurance, even if you don't think you need it If you've been financially impacted by the coronavirus, you may be able to pause payments on these 8 bills How to get a stimulus check from the US government, which could pay up to $1,200 if you qualify In response to the coronavirus, credit card issuers like Amex and Capital One are letting customers skip payments without interest and more NOW WATCH: Popular Videos from Insider Inc.
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CORONAVIRUS by: CNN Newsource
Posted: Apr 29, 2020 / 02:22 PM EDT / Updated: Apr 29, 2020 / 02:25 PM EDT TAMPA (CNN NEWSOURCE) – PayPal is letting people cash their paper stimulus checks for free.
PayPal usually charges a one percent fee or a minimum of five dollars for cashing government or payroll checks.
The move lets people cash the checks while staying at home and avoiding a trip to the bank during the coronavirus pandemic.
PayPal is waiving the fee for stimulus checks until May 31.
You have to take photos of the front and back of your check through the paypal app to access the cash.
PayPal then reviews it for approval.
You can keep the money in your PayPal account or transfer it to any bank account linked to your PayPal account.