IRS :Stimulus Check Even if Return Not Filed for 2019 or 2018

The confusion about receiving the stimulus check by people who did not file tax return for 2018 or 2019 or are not required to file tax return owing to low income or exempt income has been cleared by IRS through notice IR-2020-61 which is updated regularly. Following answers are based on the frequently asked questions published by IRS vide notice IR-2020-61 on Economic impact payments .

1.Who are eligible to get stimulus check payment?

Individuals with adjusted gross income up to $75,000 and married couples who file joint returns having income upto$150,000 will receive the full payment. However , check amount will start reducing once AGI goes beyond $75,000/$150,000. A reduction will apply @ $5 for each $100 above the $75,000/$150,000 thresholds.

Single filers with income exceeding $99,000 and $198,000 for joint filers with no children are not eligible.

Social Security recipients and railroad retirees who are otherwise not required to file a tax return are also eligible and will not be required to file a return. 

2.How much is stimulus check payments?

Eligible taxpayers receive an economic impact payment of up to $1,200 for individuals or $2,400 for married couples and up to $500 for each qualifying child. See our calculator for stimulus check to get an idea,

3.How will the IRS know where to send my payment?

IRS will use information from their 2018 or 2019 tax filing (the latest available return) to calculate the payment. For those , who has not filed or are not by law required to file tax return ,he IRS will use the information on the Form SSA-1099 or Form RRB-1099 to generate Economic Impact Payments to recipients of benefits reflected in the Form SSA-1099 or Form RRB-1099 who are not required to file a tax return and did not file a return for 2019 or 2019. All of them will receive $1,200 per person, without the additional amount for any dependents at this time.

4.How the stimulus payment will be made?

For those who filed tax return for 2018 or 2019 , their bank details and other information are available with IRS. In their cases, there shall be direct deposit of tax. For others, IRS says as under :

In the coming weeks, Treasury plans to develop a web-based portal for individuals to provide their banking information to the IRS online, so that individuals can receive payments immediately as opposed to checks in the mail.

Good News ! IRS has created the online form for stimulus check payment

5.How long are the economic impact payments available?

IRS says “economic impact payments will be available throughout the rest of 2020.” You can use freefile program of IRS to file tax return for free. Read 10 free online tax filing IRS approved services for 2020

6.Where can I get authentic information about stimulus payments?

The IRS will post all key information on IRS.gov/coronavirus as soon as it becomes available.

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