From State Reprsentative David Gomberg
I want to give you updated information for when you might receive your direct payment of $1,200 from the Federal COVID-19 relief package, and what you may need to do in order to receive it. This information comes from Congressman Earl Blumenauer. And of course, anything is subject to change.
The Department of Treasury says that beginning April 13 they will begin sending out COVID-19 payments through direct deposit information submitted with your last tax return. If the IRS doesn’t have that information on file, the best way to receive the benefit would be to quickly file your 2019 taxes. If you receive Social Security benefits, your check will automatically come to you.
As of today, here is the latest estimated timing from the IRS on economic impact checks:
• The IRS will make payments to people through direct deposit in mid-April. In order to be in the first round the IRS has to have direct deposit information from either your 2019 or 2018 tax filing.
• About 3 weeks after those deposits are made, the IRS will begin issuing paper checks to individuals.
• The paper checks will be issued at a rate of about 5 million per week, which could take up to 20 weeks to get all the checks out.
• The checks will be issued in reverse “adjusted gross income” order—starting with people with the lowest income first.
• The IRS expects to create a portal by the end of April/early May that will allow taxpayers, once they have been authenticated, to find out the status of their rebate payment and update direct deposit information.
• SSA beneficiaries who do not file returns will not need to file a “simple tax return” to receive their rebate. Recipients will receive their rebate just as they would their Social Security benefits.
• For other taxpayers who do not file returns, the IRS expects to release a “simple tax return” soon. The IRS expects it will contain only a few questions, including name, Social Security Numbers, dependents, and deposit information.