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The Economic Impact Payment:
All You Need to Know

Information About Who is Eligible for Stimulus Payments and How to Get Your Money

As part of the CARES Act that Congress passed in March 2020, millions of people will receive Economic Impact Payments, or money to help pay for essential needs, such as food, utilities, medicine, and rent.

Here is some information to help you find out more about the stimulus payments and if you will be receiving a payment. Information about these payments and the status of your specific payment can be found on the IRS Coronavirus Tax Relief website. You can also visit the Consumer Financial Protection Bureau Guide to COVID-19 Economic Stimulus Relief page for additional detailed information.

Economic Impact Payment FAQ

  • Will I receive an Economic Impact Payment?

  • When will Economic Impact Payments be sent?

  • How can I tell if my payment is coming?

  • How much money will I get?

  • I’m retired. Will I get an Economic Impact Payment?

  • Will I get a payment if I didn’t file taxes for 2018 or 2019?

  • Can I use the Economic Impact Portal on TurboTax or another tax filing website?

  • Will I have to pay taxes on the money I receive?

  • Will I receive a check, or can my payment be deposited to my checking or savings account?

 

Be sure to start on the IRS.gov website to find out if you are eligible for a payment. DO NOT enter your personal information on any other website to check the status of your stimulus payment. The IRS will not call you for information; if someone claiming to be from the IRS calls you for information, hang up immediately.

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