Economic Impact (Stimulus) Payments
You may be one of the millions of American who has already received their Economic Impact Payment (sometimes called stimulus payments). The IRS continues to calculate and automatically send these payments to most eligible individuals. If you haven't received a payment yet, you may need to give the IRS additional payment information. If you aren't required to file a tax return, please visit the secure portal the IRS has set up for non-filers to enter direct deposit information: https://www.irs.gov/coronavirus/non-filers-enter-payment-info-here
The IRS will NOT contact you to ask you to pay a fee or to confirm personal information. If you receive a call from the IRS regarding your stimulus payment, it's a SCAM.
Consumer Alert: Don't Sign Over Your Payment to Nursing Homes
Some nursing homes and assisted living facilities have tried to require residents to sign over their Economic Impact Payments. These facilities claim that because the person is on Medicaid, the facility is entitled to the money. This is not true. The Economic Impact Payment is a tax credit. Under federal law, tax credits do not count as resources for federal programs like Medicaid. Any attempt to take this money is unlawful.
If you or somone you know lives in a nursing home or assisted living facility, talk to them to protect their economic impact payment. If you or or a loved one has already signed over you payment, contact the North Carolina Department of Justice at 1-877-5-NO-SCAM or at ncdoj.gov/file-a-complaint.
I Receive Social Security or SSI. How Will I Get My Stimulus Payment?
Social Security and Supplemental Security Income recipients who don't typically file tax returns will automatically get their Economic Impact Payments. The payments will be deposited into the bank account where they receive their regular monthly payments, or mailed to the address on file with the IRS.
How Much Will I Get?
Individuals with adjusted gross income of up to $75,000 will automatically receive the full $1,200 payment. Married couples who file a join return with an adjusted gross income of up to $150,000 will receive the full $2,400 payment. Parents will also receive $500 per child under 17. Most taxpayers don't need to take extra steps to receive a payment. The IRS will use information from your 2018 or 2019 tax return to route your payment.