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It goes without saying that these are difficult times. And with little to no economic activity everyone could use that $1,000 cash influx from Uncle Sam.
If you’re in dire need for cash, here’s the quickest way to get your Corona Virus Stimulus check.
Wondering how you can get the coronavirus stimulus payment in the fastest way possible?
Set up a direct deposit with the IRS and you will receive the payment directly into your bank account.
Here’s how you can do just that.
- Head over to the IRS’ Get My Payment page – a specific and dedicated web portal – and click on the Get My Payment blue button.
- Once you have done that, a next page will appear about ‘Authorized Use”. Click on Ok.
- Then you will have to enter your social security number (SSN) or individual tax ID (ITIN), in addition to your street address, postal code, and your date of birth.
- (Note: If IRS has your direct deposit information, you’ll be made aware of the status of your payment.) Otherwise, if you are eligible, you can enter your bank account number and routing number so that the payment can be sent to your account.
Things to consider: you might need your tax returns for the year 2019, if you have filed, along with your 2018 tax returns.
So, there you go. Get your payment as soon as possible by employing the above-mentioned method.
Why They’re Issuing Checks
To facilitate the general public and provide some economic relief, a $2 trillion economic relief bill was signed into law. It directs the Internal Revenue Service (IRS) to provide a one-off payment of up to $1200 to Americans who qualify.
To qualify, you must make under $75,000 per year.
The process of making a one-time payment started on April 15th. However, many have still not received their payments. If you are not setup for direct deposit, you will probably have to wait for the IRS to issue you a paper check.
Visit the official IRS website to learn more.