By Friday, U.S. citizens will be able to track the date their COVID-19 relief payment is scheduled to be deposited into their bank account or mailed to them. The IRS “Get My Payment’ Tool, will also guide citizens through a process where they can submit their personal bank account information. That process allows citizens to receive payments more quickly, as delivering paper checks may not begin until May.
The IRS is not contacting anyone to collect personal or bank account information.
Calls, texts, emails and official-looking postcards or printouts that suggest otherwise are scams.
Checks that appear to show an overpayment are also scams.
People who earn up to $75,000 in adjusted gross income and have a Social Security number are set to receive a $1,200 payment under the law.
Married couples who file joint returns will receive $2,400 if their adjusted gross income is under $150,000.
Parents will receive $500 for each qualifying child.
The IRS announced it has already made an initial wave of stimulus payments.
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