The IRS is currently delivering another round of Economic Impact Payments to US taxpayers. Just like before, you’ll receive your relief payment via direct deposit, paper check, or pre-loaded debit card. It’s important to note that the IRS will be issuing these payments in waves. If you have not received your payment, you can check on the status of your payment by visiting the IRS website.
For the most up-to-date information about eligibility, payment amounts, and more, go to the IRS’s Economic Impact Payment Information Center.
Stimulus Check Scams
The read the Federal Trade Commission’s (FTC) update on stimulus scams to review the facts when it comes to this round of economic impact payments. Here are some key points to remember:
- Your method of payment won’t change. If you received your first economic impact payment via direct deposit, then that’s how you’ll receive your second payment.
- The IRS will not send you an overpayment and make you send the money back in cash, gift cards, or through a money transfer. If you get an official-looking check for more than what you were expecting – say, for $3,000 – the next call you’re likely to get is from a scammer. They’ll tell you to keep a lesser amount, and return the rest by sending cash, gift cards, or money transfers. It’s a scam that will leave you owing money to your bank.
- That’s not the IRS calling, texting, or emailing. Scammers are sending official-looking messages – including postcards with a password to be used online to “access” or “verify” your payment or direct deposit information. The IRS will not contact you to collect your personal information or bank account. It’s a scam.