Economic Impact Payments
The Internal Revenue Service and the Treasury Department is now delivering a second round of Economic Impact Payments to millions of Americans who received the first round of payments earlier this year. These payments are part of the Coronavirus Response and Relief Supplemental Appropriations Act of 2021.
As with the first round of payments under the CARES Act, most recipients will receive these payments by direct deposit. For Social Security and other beneficiaries who received the first round of payments via Direct Express, they will receive this second payment the same way. Anyone who received the first round of payments earlier this year but doesn’t receive a payment via direct deposit will generally receive a check or, in some instances, a debit card. Please note that there is no action required by eligible individuals to receive this second payment.
Frequently Asked Questions
How will these payments be issued?
Payments are automatic for eligible taxpayers who filed a 2019 tax return, those who receive Social Security retirement, survivor or disability benefits (SSDI), Railroad Retirement benefits as well as Supplemental Security Income (SSI) and Veterans Affairs beneficiaries who didn’t file a tax return. Payments are also automatic for anyone who successfully registered for the first payment online at IRS.gov using the agency’s Non-Filers tool by November 21, 2020 or who submitted a simplified tax return that has been processed by the IRS.
How do I find out if the IRS is sending me a payment?
You can check the status of both your first and second payments by using the Get My Payment tool, available in English and Spanish only on IRS.gov. The tool is currently being updated with new information and will be available for taxpayers to access in the near future.
How will the IRS know where to send my payment? What if I changed bank accounts?
The IRS will use the data already in its system to send the new payments. Taxpayers with direct deposit information on file will receive the payment that way. If you do not have direct deposit information currently on file with the IRS, you will receive the payment as a check or debit card in the mail. If your bank account is closed, your direct deposit will be returned to the IRS and a check will be mailed to the address they have on file.