When will the IRS send my stimulus payment?
According to this recent press release from the IRS, the third batch of Economic Impact Payments was disbursed on April 1, 202.
The Get My Payment tool on the IRS website will have the latest information on the status of your payment. TaxSlayer does not have access to this information.
Who is included in the third batch of payments?
According to the IRS,
- The third batch will include the first of ongoing supplemental payments for people who received payments based on their 2019 tax returns but are eligible for a new or larger payment based on their recently processed 2020 tax returns. These payments could include a situation where a person's income dropped in 2020 compared to 2019, or a person had a new child or dependent on their 2020 tax return, and other situations. Payments to this group will continue on a weekly basis going forward, as the IRS continues processing tax returns from 2020 and 2019.
- Payments for people for whom the IRS previously did not have information to issue a payment but who recently filed a tax return and qualify for an Economic Impact Payment. Payments to this group will continue on a weekly basis going forward, as the IRS continues processing tax returns from 2020 and 2019.
How can I find the bank information where my stimulus is being sent?
The account number and routing number where your tax refund (and your stimulus payment) are being direct deposited can be found on the printable .pdf version of your tax return.
The last four digits of the bank account being used for direct deposit can be found in your TaxSlayer account under Transaction History.
To find the last four digits of your bank account on file:
Log in to your TaxSlayer account > My Account > Transaction History
“If there’s no bank information on my transaction history but on my copy of my taxes there’s some bank info what does that mean? Does the IRS have my bank information to send my stimulus?”
If you paid your filing fees out of your tax refund and got the rest of your refund by direct deposit, the account number where your funds were deposited is on the printed copy of your tax return. This is the account information the IRS has on file, and your stimulus payment will be sent to this same account.
Is my stimulus payment being mailed or sent direct deposit?
The IRS will send payments by direct deposit, paper check, and prepaid debit cards. They will likely deliver your third stimulus the same way you received the previous stimulus or your tax refund.
To ensure you receive the stimulus payment by direct deposit, file your 2020 tax return and choose direct deposit for your refund delivery method. If you’ve received your refund by direct deposit in prior years, filing your 2020 return now gives you the opportunity to verify your bank account information (and make sure your mailing address is current, too).
When the second stimulus checks were delivered, an IRS error caused some payments to be returned. This issue has been resolved and will not impact how your third stimulus is delivered.