I have received no fewer than over a thousand messages and comments over the last couple of weeks about the stimulus package. Finally, there is some news and updates from the IRS regarding how to find out about your payment!
Significant Updates to the IRS Stimulus Tool
Link: Get My Payment
I have to say – I was impressed when the IRS beat their schedule of getting the Get My Payment tool up and running. They got it up 2 full days before promised. The problem? They have had millions of Americans not be able to get their information and face errors.
The IRS has maintained that they are making nightly updates but, this past weekend, they reported that they have made “significant” updates and enhancements to this Get My Payment tool.
Here is the information from the IRS (as of April 26):
“Treasury and the IRS have made substantial enhancements to the ‘Get My Payment’ app to ensure more Americans can get their money fast and track its delivery,” said Secretary Steven T. Mnuchin. “This Administration has already delivered over 88 million payments in less than three weeks, with millions more on their way. We encourage people who still need to input their information or want to track their payment to use the app.”
So, head over to Get My Payment to check on your status and update your account information! Remember, to counter fraud, if the IRS already has your bank account information, you will not be able to change that information. If your payment goes to the wrong bank account (like has happened for many), you can contact the IRS after you get the letter from them approximately 15 days following the deposit.
What About the Stimulus Checks?
If you are waiting on the actual check, here is the schedule that the IRS will be sending them out in. The date in the column is for that week ending that date. If you make under $10,000 AGI, you should be receiving your check this week.
- $10,000 – $20,000 | May 1
- $20,000 – $30,000 | May 8
- $30,000 – $40,000 | May 15
- $40,000 – $50,000 | May 22
- $50,000 – $60,000 | May 29
- $60,000 – $70,000 | June 5
- $70,000 – $80,000 | June 12
- $80,000 – $90,000 | June 19
- $90,000 – $100,000 | June 26
- $100,000 – $110,000 | July 3
- $110,000 – $120,000 | July 10
- $120,000 – $130,000 | July 17
- $130,000 – $140,000 | July 24
- $140,000 – $150,000 | July 31
- $150,000 – $160,000 | August 7
- $160,000 – $170,000 | August 14
- $170,000 – $180,000 | August 21
- $180,000 – $190,000 | August 28
- $190,000 – $198,000 | September 4
How Much Money Will You Get?
Here is a calculator to show you what you can expect. Remember, the amount of your AGI is taken from your most recent tax return that was processed, whether it was 2018 or 2019. Also, if you are over 16 years old and claimed as a dependent, you will not be able to receive any money from this stimulus package.
This calculator was developed by Maciej Kowalski, PhD candidate and Jasmine J Mah and available at Omni Calculator
I have checked with many people who had problems with the Get My Payment tool before yesterday and now, they have all been able to access their information! SO, CHECK OUT THE TOOL NOW!
Let me know in the comments if you have success now!