Montgomery County Public Utilities Public Service Advisory - Update 7/8/2020

Department of Social Services

Economic Impact (Stimulus) Payments

What are Economic Impact Payments?
Due to the coronavirus pandemic, the government made financial help available to most Americans – up to $1,200 for individuals, $2,400 for married couples, and more for families with children. But if you didn’t file federal taxes in 2018 or 2019, you need to sign up online to receive your check. Go directly to the IRS.gov/EIP website and click on the “Non-Filers” button. . The online form is safe, convenient, and quick. Just 5 pieces of information are needed: your full name, mailing address, email address, date of birth, and Social Security number. You can choose to have your check sent by mail or direct deposit. 

Who is eligible?
All U.S. citizens, permanent residents, and qualifying resident aliens who have a valid Social Security number, cannot be claimed as a dependent on someone else’s tax return, and made anywhere from $0 up to $99,000 for individuals and up to $198,000 for married couples filing joint returns will receive payment. 

How much money will I receive?
Tax filers making $0 up to $75,000 for individuals and up to $150,000 for married couples filing joint returns will receive the full payment of $1,200 for individuals and $2,400 for married couples, with up to $500 for each qualifying child under age 17. Filers with incomes above those amounts will receive a reduced payment. 

Why do I need to sign up?
The IRS is making auto-payments using income and address information from 2018 and 2019 tax returns. If you did not file a tax return for 2018 or 2019, the IRS does not have the information they need for auto-payment, so you will need to provide it online. 

How do I sign up?
Go to the “Non-Filers” page on the IRS.gov/EIP website and scroll down to the blue “Enter your information” button to fill out the form. The site is also available in Spanish. 

When do I need to sign up by?
The deadline to complete the non-filer form in order to receive your Economic Impact Payment this year is Oct. 15, 2020. 

Will this impact my public benefits?
No. Your Economic Impact Payment will not affect your eligibility for federal government assistance benefits, including SNAP, WIC, and Medicaid. 

Will I need to pay this money back to the government or pay taxes on it?
No. The Economic Impact Payment is not included in your taxable income, so you will not need to pay it back or pay taxes on it.

I don’t have an email address. What should I do?
An email address is required to complete the online application. You can create an email address, at no cost to you, through a webmail provider like Gmail, Yahoo! Mail, or AOL. The IRS will not email information about your payment.

I don’t have a bank account. What should I do?
Direct deposit is the quickest and safest way to get payments. If you don’t have a bank account, you can still get your payment through direct deposit using a prepaid debit card. Once you get a card, you may need to contact the company directly to find the account and routing numbers needed for direct deposit.

You can also get your payment directly deposited using payment apps like CashApp, Venmo, or PayPal. Alternatively, you may also be able to open an online bank account. To find a bank, view this list of accounts offered by financial institutions that meet national standards.

If you cannot use these options, a paper check will be sent to the address you list on your form.

How long will it take to receive my check?
It may take up to several weeks to receive your payment. The IRS is sending checks on an ongoing basis and will continue to do so throughout the year until every eligible household has been reached. 

Can I receive my payment faster?
No. Beware of individuals or organizations offering to get you your payment faster than the IRS, as this is a common scam in order to steal your money.

Do I need to pay anything to receive this money?
No. The Economic Impact Payment does not cost you any money and beware of any individuals or organizations asking for money in exchange for your check as this is a common scam to steal your money.