IRS Webportal Now Open For Non-Filers to Receive Their $1,200 Stimulus Check by Direct Deposit
On Friday, the IRS opened up the first of two mechanisms for people to receive their Economic Impact Payment (“coronavirus stimulus payment”) through direct deposit, even if the IRS does not have that information.
Instead of waiting on paper checks, which could take weeks, non-filers can now provide direct deposit information to the IRS. Most non-filing individuals will qualify for the $1,200 payment, or $2,400 if married and both people do not need to file.
According to the IRS, non-filers are generally eligible for the payment if:
- You did not file a 2018 or 2019 federal income tax return because your gross income was under $12,200 ($24,400 for married couples). This includes people who had no income.
- Or, you weren’t required to file a 2018 or 2019 federal income tax return for other reasons.
Also, the IRS stressed that people who meet the following criteria are not to use this non-filer application:
- If you receive Social Security retirement, disability (SSDI), or survivor benefits.
- If you receive Railroad Retirement and Survivor Benefits.
Eligible Non-Filers will need to provide this information on the IRS web portal to receive their stimulus payment via direct deposit:
- Full name, current mailing address and an email address.
- Date of birth and valid Social Security number.
- Bank account number, type and routing number, if you have one.
- Identity Protection Personal Identification Number (IP PIN) you received from the IRS earlier this year, if you have one.
- Driver’s license or state-issued ID, if you have one.
- For each qualifying child: name, Social Security number or Adoption Taxpayer Identification Number and their relationship to you or your spouse.
Click on this link to the IRS web page to enter direct deposit information for non-filers.
What About People That Need to File a Tax Return With The IRS?
The IRS is still working on the second mechanism to provide direct deposit information that is more applicable to some small business owners and marketplace sellers.
On its updated web page for the Economic Impact Payments, the IRS says to expect that web portal to become available mid-April.
As a reminder, taxpayers who provided direct deposit information on their 2018 or 2019 tax returns do not need to do anything. The IRS will use the banking information from those returns to send the payment.
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Richard Meldner
Richard is co-founder of eSeller365. He has over 17 years of experience on eBay which includes tens of thousands of sales to buyers in over 100 countries and even has experience with eBay’s VeRO program enforcing intellectual property rights for a former employer. And for about two years Richard sold products on Amazon using Amazon FBA in the US.
To “relax” from the daily business grind, for a few weekends a year, he also works for IMSA as a professional race official.
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