IRS Introduces Get My Payment to Track Stimulus Payments

Marci RomneyBlog

The Internal Revenue Service, working with the Treasury Department, announced the new tool Get My Payment, enabling taxpayers to check on their Economic Impact Payment date and update direct deposit information. Get My Payment will help taxpayers track the Economic Impact Payments as they start to hit bank accounts, and will answer common questions. It will also show the projected date for the deposit and allow taxpayers to input their direct deposit information. 

To access Get My Payment, taxpayers will need a copy of their most recent tax return, social security number, date of birth, and mailing address as shown on their tax return. Taxpayers who need to add their bank account information will need their adjusted gross income from their most recent tax return, the refund or amount owed from their latest filed return, their bank account type, and their account and routing numbers. 

The IRS also reminded taxpayers that for most people, no action is needed; eligible taxpayers who filed tax returns in 2019 and 2018 will receive the payments automatically. The IRS recommends that taxpayers only use the tool once per day given the high volume of people receiving Economic Impact Payments. Get My Payment is updated once daily, usually overnight.

The agency also cautioned taxpayers to be on the lookout for scams related to the Economic Impact Payments, especially those using email, phone calls or texts. The IRS will not send unsolicited electronic communications asking people to open attachments, visit a website or share personal or financial information. 

Get My Payment: https://www.irs.gov/coronavirus/get-my-payment

For more information visit: https://www.accountingtoday.com/news/irs-introduces-new-tool-for-taxpayers-to-track-economic-impact-payments?position=editorial_1&campaignname=ACT_Daily_Daily-04162020&utm_source=newsletter&utm_medium=email&utm_campaign=ACT_Daily_Daily%2B%27-%27%2B04162020&bt_ee=HwaVJDScM0Oc5lAJC%2FPWbdrkLZFIbPg1NCdt5C7UbtStooqyQhLeyGKsZ3lHKcxE&bt_ts=1587031311826