© 2020 WFAE
90.7 Charlotte 93.7 Southern Pines 90.3 Hickory 106.1 Laurinburg
Play Live Radio
Next Up:
Available On Air Stations

Want Relief Money Sooner? Give The IRS Your Bank Account Number

The IRS has a new online tool for those who haven't already supplied their bank information.
The IRS has a new online tool for those who haven't already supplied their bank information.

The Treasury Department has begun sending $1,200 relief payments to people affected by the coronavirus. Electronic payments have already started landing in people's bank accounts. But the IRS has launched a pair of websites to speed payments to those who haven't already supplied the government with their bank information.

Taxpayers who included bank account information on their 2018 or 2019 tax return do not need to take any action. Nor do Social Security or SSDI recipients who typically receive their payments through direct deposit.

People who filed a tax return for 2018 or 2019 but did not include bank account information can do so here. Those who didn't file a tax return for either of the past two years can use a different site to give the government their bank account information.

People who don't provide the government with bank account information may have to wait for a paper check, which will delay their relief payments. The government is expected to begin printing checks next week.

Under the $2 trillion CARES Act, Congress authorized relief payments of $1,200 to any adult making up to $75,000. People who earn between $75,000 and $99,000 will receive a reduced payment. Parents can also collect $500 for dependent children younger than 17.

Copyright 2020 NPR. To see more, visit https://www.npr.org.

We Need Your Help Now More Than Ever

WFAE mask

Our newsroom is hard at work covering everything from the ongoing coronavirus pandemic to the aftermath of the election, the race for a vaccine and our communities' fight to rebuild. But we can't do it without you. Support our local journalism with a donation of ANY amount, and we’ll send you a free WFAE member mask courtesy of AllDayMask.com of Monroe.