IRS Releases May 13 Deadline for Direct Deposit for Dunning Checks

0
92


There’s no better time to think about next year’s taxes than just after filing this year.

Jayme Thornton | Tooga Productions | Getty Images

There is still time to submit your bank account information to the IRS to get your stimulus payment of $ 1,200 faster.

But that window closes, the IRS announced on Friday.

Americans who are entitled to a single payment now have until noon on Wednesday, May 13, to get their money faster by submitting their direct deposit information on the Get My Payment website.

After this deadline, the government will start sending millions of paper checks, which will arrive later this month and in June.

More from Personal Finance:
How lawmakers could put more stimulus money in people’s hands
IRS Wants stimulus money to be sent to deceased beneficiaries
Some stimulus checks come out without $ 500 for eligible children

“We want people to visit Get My Payment before noon Wednesday so that we can provide their direct deposit information,” IRS commissioner Chuck Rettig said in a statement. “Time is running out for a chance to get these payments several weeks earlier by direct deposit. “

Congress authorized payments of up to $ 1,200 per person and $ 2,400 for married couples, plus $ 500 for children under the age of 17, to help low- and middle-income Americans cope with the slowdown caused by Covid-19.

The Get My Payment tool can also be used to check the status of your dunning check. This information is updated once a day.

In addition, another web tool for people who generally do not file tax returns is also available. The non-reporting tool allows these individuals to submit basic information, including their bank account number, to speed up the receipt of their dunning checks.

Payments will be automatically sent to people receiving government benefits through social security, supplemental security income, rail retirement or veterans.

The Treasury Department announced on Friday that nearly 130 million payments totaling about $ 218 billion have been sent so far. The government plans to send about 150 million payments in total.

LEAVE A REPLY

Please enter your comment!
Please enter your name here