04/16/2020
News about your Economic Impact Payment
The new Coronavirus Aid Relief and Economic Security (CARES) Act represents one of the largest stimulus packages in the nation’s history. It’s designed to give relief to individuals, families and businesses hurt financially by the coronavirus (COVID-19) outbreak.
The CARES Act will provide an Economic Impact Payment, in the form of either a direct deposit or check, to most U.S. residents. For details on the Economic Impact Payment and its eligibility requirements, please visit https://www.irs.gov/coronavirus/economic-impact-payments.
If the IRS already has your direct deposit information, the Economic Impact Payment will be deposited directly into the same banking account reflected on the tax return you filed. You do not need to take any further action.
If the IRS does not have your bank account information, the IRS is establishing an online portal that will allow you to provide them that information. For more information, please visit https://www.irs.gov/coronavirus/economic-impact-payments.
We’re committed to helping you get your economic impact, or stimulus, payment as soon as possible. See if you are eligible for an Economic Impact Payment.