IRS Payment Tracker Online Shows Stimulus Check Status | Business – Community News
Stimulus Check

IRS Payment Tracker Online Shows Stimulus Check Status | Business

The Internal Revenue Service launched an online tool Monday to track the status of their $600 coronavirus checks.

The “Get My Payment” tool allows users to check the statuses of both their first and second rounds of stimulus checks and whether they will be distributed via direct deposit or by mail.

The IRS said last week that the direct deposit incentive checks started coming in on Dec. 29 and paper checks began mailing out Dec. 30, according to a press release. Most people get their payments via direct deposit. Those who qualify for incentive checks but have not received one can claim them when they file their tax returns in 2021.

Payments will be made automatically for eligible taxpayers who have filed tax returns or those who receive certain benefits, including Social Security beneficiaries. They’re also automatic for anyone who filed a simplified tax return or registered using the IRS’s Non-Filers tool on Nov. 21, 2020, the agency said.

The $900 billion coronavirus package includes $600 direct payments for millions of Americans earning up to $75,000 a year, but is less generous than the $2 trillion CARES bill, which provided $1,200 payments for individuals meeting the same income threshold.

Under the new legislation, individuals earning up to $75,000 per year will receive $600, married couples earning up to $150,000 will receive $1,200, plus $600 per dependent child. The package also extends aid checks to households with mixed immigration status, meaning some immigrant families may receive payments in this round.