Who Is Eligible For A Stimulus Check
The vast majority of Michigan residents are eligible to receive a stimulus check from the federal government this year. Even if you have no income, you are still eligible, but need to take action to receive your stimulus payment. This includes individuals with low or no earnings who normally don’t file taxes. Every American adult earning less than $75,000 is eligible for a stimulus check from the federal government this year. While this site is geared toward Michigan residents, the information is applicable nationwide.If you still have questions about your stimulus check after reviewing this website, call the IRS at or, United Way at .
After you sign up, make sure to add your account information on the IRS website. If you dont want to sign up for a bank account, you can also link to your prepaid debit card instead.You can also receive your funds through the Cash App, by providing the IRS with the routing and account numbers connected to your Cash App. You can download the Cash App or locate your Cash App account information here.
What if I havent filed taxes?
What if I dont qualify – where else can I get help?
If you dont qualify for the stimulus payment, we recommend reaching out to Michigan 2-1-1. They can connect you to resources in your community.
Will my payment be reduced or offset if I owe tax, have a payment agreement with the IRS, owe other Federal or State debt, or owe other debt collectors?
Coronavirus Stimulus Checks: How To Get Payment At New Address
In case Congress approves another broader relief package, the IRS, as with the CARES Act, will send some payments as direct deposits, some by mail, and also by EIP card. If you changed your address recently, but the IRS has your direct deposit information, then you have nothing to worry about.
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However, if you moved to a new location recently and havent changed your address yet, and the last payment you received by mail or EIP card, then it is very likely that your future coronavirus stimulus check could get delivered to the wrong address.
You can easily prevent this. All you need to do is update your mailing address and then inform the IRS of the same. If you dont know how to do it, then detailed below are the steps to change your mailing address with the IRS.
What If My Stimulus Check Was Lost Stolen Or Destroyed
If your payment was direct deposited, first check with your bank, payment app, or debit card company to make sure they didnt receive it.
You can request a trace of your stimulus check to determine if your payment was cashed. Only request a payment trace if you received IRS Notice 1444 showing that your first stimulus check was issued or if your IRS account shows your payment amount and you havent received your first stimulus check.
How to start a payment trace: You can mail or fax Form 3911 to the IRS or call 800-829-1954. Click here for specific instructions on how to complete Form 3911 for tracking your first stimulus check.
If the IRS discovers that your check was not cashed, your check will be reversed. You can now claim the payment.
If the IRS discovers that your check was cashed, the Treasury Department will send you a claim package with instructions. Upon review of your claim, the Treasury Department will determine if the check can be reversed. If the check is reversed, you can now claim the payment.
If the check is not reversed, contact the tax preparer who filed your return. If you are unable to reach them, contact your local Low Income Tax Clinic or Taxpayer Advocate Service office for help.
It can take up to 6 weeks to receive a response from the IRS.
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How Can I File My Taxes
If you know you need to file a 2020 tax return, you should do so as soon as possible to get your Economic Impact Payment and any tax refund that you are eligible for.
Online: If youre comfortable using computers and confident preparing your own taxes, consider using a free online tax software. MyFreeTaxes is an online tool that helps you file your taxes for free. You can use these online programs until November 20, 2021.
Common Questions On The Covid
I typically dont file tax returns. Will I receive money from this stimulus bill?
Yes, the Internal Revenue Service will use information from Form SSA-1099 and Form RRB-1099 to generate the stimulus payments for those that weren’t required to file or did not file a 2018 or 2019 tax return. This includes senior citizens, Social Security recipients, railroad retirees, and others. Since there is no information regarding dependents for these types of filers, each person will receive the base $1,200 stimulus check.
Recently, the IRS partnered with freefilefillableforms.com to provide an online portal for those who don’t file tax returns to enter their payment information to receive the stimulus check. You should submit your information if you:
- Had gross income that did not exceed $12,200 for 2019
- Were not otherwise required to file a federal income tax return for 2019, and didn’t plan to
Access additional information for non-filers and the portal to submit your payment information directly on the IRS website.
What tax return will be used to calculate my adjusted gross income ?
The IRS will use your 2018 AGI to calculate the stimulus payment amount unless you have filed your 2019 tax return. If you have filed your 2019 tax return, the IRS will use the AGI on your 2019 tax return.
Does the stimulus check have to be repaid and is it taxable?
No, the stimulus check is considered a tax credit and does not need to be repaid. You will not be taxed on the stimulus check either.
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When Will The Covid
The latest IRS information states that distribution of economic impact payments will begin in the next 3 weeks with no action required for most people. On April 11th, the IRS tweeted that stimulus money is starting to arrive in bank accounts for some folks and those lucky enough to have received them have also confirmed it. However, theres no actual schedule or guarantee your check will arrive the first week after they begin and worst-case scenarios show it could arrive as late as a few months from now. You can track the status of your stimulus payment on the IRS website.
Recently, the House Ways and Means Committee released a memo, detailing that the stimulus check distribution may work like the below:
- Week of April 13th – 60 million payments are distributed via direct deposit
- Week of May 4th – paper stimulus checks are starting to be distributed by mail
- Each week thereafter – 5 million more paper stimulus checks distributed by mail each week
As you can see with the stimulus check distribution schedule, the money may take more time than expected to arrive during or potentially even after the pandemic. If you havent yet filed your 2019 tax return and you expect to receive a refund or pay a small amount, it might be beneficial to file it as soon as possible and make sure you have the latest direct deposit information on that tax return. The difference between receiving a stimulus payment in mid-April versus mid-May or even June is drastic!
Visit The Irs In Person
You can visit your nearest Taxpayer Assistance Center to report a change of address in person. The agent you speak with will need the same identifying information that you would provide over the phone. You and your spouse should go together if you file a joint return and are both changing your address, or the one who isn’t going in person should provide a written statement.
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Income And Other Limitations For The $1200+ Stimulus Check
Below are the income limitations for the $1,200 and $2,400 stimulus check:
- Individual tax filers with adjusted gross income up to $75,000 will receive $1,200. The stimulus check amount is reduced by $5 for each $100 above the $75,000 in AGI and completely phases out at $99,000.
- Joint tax filers with adjusted gross income up to $150,000 will receive $2,400. The stimulus check amount is reduced by $5 for each $100 above the $150,000 in AGI and completely phases out at $198,000.
- Heads of households with adjusted gross income up to $112,500 will receive $1,200. The stimulus check amount is reduced by $5 for each $100 above the $112,500 and completely phases out at $136,500.
Note: You can find your adjusted gross income , sometimes referred to as gross income on your IRS Form 1040 – it includes wages, alimony, capital gains, business income, etc. minus certain payments such as student loan payments or contributions to a traditional IRA or health savings account.
Example: Bob is married to Sally and they have one kid who is 8 years old. Bob and Sally file a joint tax return as a married couple. Bob and Sallys combined adjusted gross income on their 2019 tax return is $160,000. Bob and Sally will receive plus $500 = $2,400 stimulus check.
So who doesnt qualify for the $1,200+ stimulus check?
Irs Change Of Address
If you moved since you filed your last return, you probably arranged to have your mail forwarded to your new address. However, not all post office branches forward government checks.
Notify the IRS of your address change. That way, youll receive refunds or mail regarding your past and current returns. You can do this by either:
- Completing IRS Form 8822: Change of Address and mailing it to the address on the form.
- Writing a letter informing the IRS of an address change. Mail this letter to the IRS campus where you filed your last return. Include your:
- Full name
- Social Security number
- Signature
If you and your spouse filed as married filing jointly last year but you now live apart, you should each notify the IRS of your new address.
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Stimulus Money That Could Be On The Way
Stimulus checks are still going out as fresh payments and plus-up payments, if the IRS owes you more than it already paid. You can expect these payments through the end of the year. Some states are sending more stimulus checks and that’s easy to miss out on if your address isn’t updated.
Also, if you’re missing stimulus money, the process to claim it is tied up with your tax return. If you get a tax refund this year and you don’t sign up for direct deposit, you’ll receive your funds as a paper check from the US Treasury and that may go to an old address.
Whether or not you have a direct deposit account on file with the government, it’s possible you may receive a stimulus check as a paper check or EIP card. This IRS tracking tool can help tell you how you’ll get your stimulus money. Once the IRS processes your payment, the final say in how you receive the money is up to the IRS and the Treasury.
You’ll also want to make sure you get the IRS letter verifying when it sent your payment. This is important for anyone who may be eligible for a stimulus check but who experiences an unexpected holdup receiving their money. This IRS notice will be your ticket to settling any errors or submitting a claim for missing money during tax season 2021 , if it comes down to that.
Make Sure The Irs Has Your Correct Address
If you have moved since filing your 2020 or 2019 tax return you need to let the IRS know your new address if the agency does not have your direct deposit details. Otherwise you risk having your stimulus check sent to your former address.
Luckily it’s a fairly straightforward process to change your address on record with the IRS. You simply file Form 8822 with the IRS. You can also call the IRS with the information, although keep in mind, with limited staff on hand, your wait time on the phone may be long. Note that it can take four to six weeks for your change of address to process with the IRS.
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I Already Filed My Tax Return And Still Havent Gotten My Payment What Can I Do
If you filed a 2019 tax return and it wasnt processed in time to issue your first stimulus check by December 31, 2020, you can claim your first stimulus check as the Recovery Rebate Tax Credit on your 2020 tax return or use GetCTC.org if you dont have a filing requirement.
If you filed your 2020 tax return, the IRS may still be processing your return. The fastest way to receive the payment is through direct deposit. Your first stimulus check, which you claim as the Recovery Rebate Credit, will be sent as part of your tax refund. You can check the status of your tax refund using the IRS tool Wheres My Refund.
Because of COVID-19, it is taking more than 21 days for the IRS to issue refunds for certain mailed and e-filed 2020 tax returns that require review.
Do I Need To Contact The Irs To Receive My Payment
If you have filed a tax return for 2018 or 2019, you should not have to take any further action to get your payment. It will be sent by direct deposit to the account provided on the most recent return or, if you did not give your bank details in either declaration, by paper check to the address the IRS has on file for you.
To provide the IRS with your direct-deposit information, visit its online Get My Payment portal or, if you are not required to file a tax return, access the Non-Filers: Enter Payment Info Here tool.
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The 2020 Recovery Rebate Or Covid $1200+ Stimulus Checks
The CARES Act includes about $300 billion of payments to the average American person. The official name for these payments is 2020 recovery rebates based on Section 2101 of the CARES Act. This recovery rebate comes at an important time as folks are losing jobs and feeling financial hardship due to the coronavirus pandemic in the US. Here at Possible, weve seen firsthand how coronavirus has affected peoples jobs, income, and economic stability for the worse.
The coronavirus pandemic has seen cases grow like wildfire in many states in the US and unemployment is rising quickly. A recent Washington Post article mentions unemployment rates could go to almost 25% with 20 million and more Americans without a job – numbers not seen since the Great Depression. Therefore, the federal government wants to get money into the hands of average Americans as quickly as possible. Why not even more money you ask? Were not sure ourselves but theres already discussions of another follow-on stimulus perhaps in the future.
I Got My Stimulus Check On A Debit Card And Lost It Or Threw It Out How Can I Get A New One
You can request a replacement by calling 800-240-8100. Select option 2 from the main menu. Your card will arrive in a plain envelope which displays the U.S. Treasury seal and Economic Impact Payment Card in the return address. It will be issued by Meta Bank, N.A. The envelope will include instructions to activate the card, information on fees, and a note from the U.S. Treasury.
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Features Available On The Child Tax Credit Update Portal
The Child Tax Credit Update Portal is a secure, password-protected online tool that lets you manage your monthly child tax credit payments. All you need is internet access and a smart phone or computer. However, to access the portal, you first must verify your identity. If you already have an existing IRS account, you’re good to go. Otherwise, you’ll need to verify your identity using an ID.me account.
In addition to changing your mailing address, you can use the portal to:
- Verify eligibility for monthly payments
- Switch from paper check payments to direct deposit
- Change the bank account to which your payment is directly deposited and
Any of these changes made before midnight on October 4, will apply to the October 15 payment and all subsequent monthly payments, which are scheduled for November 15 and December 15.
The IRS plans to add new features to the Child Tax Credit Update Portal soon. Later this year, parents will also be able to use the portal to:
- Add or remove children in most situations
- Report a change in marital status and
- Report a significant change in income.
There are also two other online tools the Non-Filer Sign Up Tool and the Child Tax Credit Eligibility Assistant that can help eligible families who aren’t currently receiving monthly payments.