قالب وردپرس درنا توس
Home / Tips and Tricks / Direct deposit gets your stimulus control faster: how to set it up with the IRS

Direct deposit gets your stimulus control faster: how to set it up with the IRS



  dollars-money-wallet-2

To get the fastest possible stimulus payment, you must make a direct deposit to the IRS.


Angela Lang / CNET

Visit the WHO website for the latest news and information on the coronavirus pandemic.

If you meet the requirements for a stimulus payment but have not set up a direct deposit with the IRS, you still have time. For tens of millions of US residents who meet the requirements, the IRS is already depositing the first wave of coronavirus economic aid payment of up to $ 1,200 into bank accounts. And the federal government started sending paper checks this week.

But the IRS said it could take up to 20 weeks to ship the checks on a schedule from the US House of Representatives Committee on Ways and Means. You could receive your payment much faster – once you set it to Thursday the following week – by setting up a direct deposit so the IRS can transfer your incentive payment into your bank account.

Direct deposit is more convenient and safer than receiving a check by mail, according to United States Secretary of the Treasury Steven Mnuchin. If you are processing a paper check, you must either upload it to your account using your banking app or go to the bank.

In theory, setting up a direct deposit is easy, using the Get My Payment online web portal, which you can also use to track your [IRS] stimulus money [194590006]. We tell you what personal information you need to make the installation run smoother and explain what happens if you get an error. Unfortunately, some people have trouble tracking their payments and signing up for direct deposit .

How to Make a Direct Deposit for Your Stimulus Control

To get started with the Get My Payment portal, you may need your 2019 tax return if you filed it, as well as your 2018 tax return. on IRS.gov, you may have to wait until it is your turn to access the tool. See the next section if you get an error.

1. Go to the IRS 'Get My Payment page and tap the blue Get My Payment button to set up a direct deposit for your payment with economic impact.

2. On the next Authorized Use page, tap OK .

3. On the Get my payment page, enter your social security number (SSN) or individual tax ID (ITIN), your date of birth, your address, and your zip code or zip code.

If the IRS has your direct deposit details, you will see a page with the status of your payment. If not and you are eligible for a check, you can enter your bank account routing number and account number (scroll down to find these numbers) so that the government can send your check to your bank account.


Now playing:
Watch this:

How to deposit your stimulus control right away and not get it …



2:23

What happens if I get an error or if the IRS does not tell me my payment status?

If the screen flashes "status unknown", "try again later" or any other message whose meaning is unclear, here is a list of possible explanations to help you identify your specific situation to unload. The IRS is reportedly aware of the problems, according to The Washington Post. CNET has also contacted the IRS for more information

What does the IRS need from me to make a direct deposit?

You want to have the routing and account numbers of your bank account at hand. You can find these bank details in various ways.

Bank Website: Your bank's website may contain your routing and account numbers. For example, for Bank of America, log in to your account, select the account you want to use, then tap the Information & Services tab to see the numbers you need.

Bank App: If your bank has an app, it can show your account and routing numbers. For example, in the Bank of America's BofA app, tap the account you want to use, then scroll to the bottom of the app window to see your clearly labeled account and routing numbers.

Printed Check: At the bottom of your check, you will most likely see three sets of numbers: The first set of nine numbers is your routing number. The second set of 8 to 12 digits is your account number. The third set – which you don't use to make a direct deposit – is the check number.

It's Not Too Late to Include Your Banking Information with Your Tax Returns If You Haven't Filed For Taxes Yet

The IRS Said If You Haven't Filed a Tax Return for 2018 or 2019 Yet, You Must Sign Up as soon as possible and include your bank details for direct deposit on the return. Here's what you need to know about coronavirus and your taxes .

When will my check go out?

Millions of US residents who set up direct deposits with the IRS have already received their promotional checks. And those who set up direct deposits through the Get My Payment portal will receive their checks within days, the IRS said. You can have the government transfer the money to other payment services, such as the Cash app or a PayPal account. And Minister Mnuchin said the government will send paper checks next week.

While you are waiting for your check, here is how to avoid getting scammed . And after you receive it, here are some ideas for how to spend your stimulus control . If you are still struggling after receiving the check, here is how to get financial help to pay your bills .


Now Playing:
Watch this:

Coronavirus stimulus checks: everything you need to know



2:06


Source link