#tax refund tool – how to track down your payment as irs to start accepting returns in days
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jollycollectortriumph · 2 years ago
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jobsearchtips02 · 4 years ago
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IRS stimulus check: What to know about your eligibility, coronavirus payment, debit card
Here’s what you need to know about the current round of stimulus payments the IRS is sending out.
Angela Lang/CNET
For the most up-to-date news and information about the coronavirus pandemic, visit the WHO website.
You’re trying to find out who gets a coronavirus stimulus check and if you meet the qualifications for one. Or maybe you know you’re eligible, but the IRS says you need to provide more information before it can process your payment. Or perhaps you want to check your status and see how much money you’re entitled to receive. And you could be asking if a second stimulus check is likely to arrive before 2020 is through.
We’re here to help. The stimulus checks are part of a larger CARES Act relief package passed in March to help individuals, businesses, renters and people who are out of work in the face of a shrinking US economy. While the IRS has already made 159 million payments to Americans who meet the requirements, for those still waiting, the process of trying to find the status of their checks up to $1,200 can be frustrating.
Keep track of the coronavirus pandemic.
We’ll try to answer your common questions about how the stimulus check works, including:
Ten reasons why you haven’t received your stimulus check yet and what to do if you didn’t get your payment.
If you’re eligible to receive a check and how much of the $1,200 amount you might be able to get.
How to use an EIP prepaid debit card if you receive one.
How to track your 2020 stimulus check if you don’t see the money post in your bank account (some have experienced problems with the IRS’ Get My Payment tool). 
What to do if you’re usually exempt from filing taxes or receive federal benefits.
If you’re looking for more personal finance information, here are recommendations on how to spend the stimulus money, how coronavirus affects your rent payment and how else you can get financial relief during the outbreak.
Now playing: Watch this: Stimulus Checks Helpline
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What we know about a second stimulus check from the IRS
As the US economy continues to weaken as a result of the coronavirus pandemic, pressure is building in Washington to approve another round of aid for individuals and families. 
For example, an additional 1,877,000 people filed for unemployment during the last week of May as a result of the pandemic, the Department of Labor reported (PDF). The unemployment rate to 13.3% for May, which is lower than April’s 14.7% rate, but still one of the highest in US history.
The House of Representatives has already proposed a second stimulus package, and the Senate may start work on a package shortly, making a final decision in about a month. Senate Majority Leader Mitch McConnell indicated that it could be the last stimulus check, according to CNBC. 
 Details about the prospects for a second stimulus check are still developing, but we break down what the current proposal for another $1,200 check for individuals (maximum), extended relief for renters and unemployed people. We also outline arguments for an against the proposal and what could happen next.
How many stimulus checks have been mailed so far?
As of the first week of June, the IRS told CNET it has made more than 159 million payments, including 120 million through direct deposit to bank accounts, 35 million through the mail as paper checks and another 4 million in the mail as prepaid debit cards. The agency plans to continue sending checks through the end of the year to those who are eligible.
The checks will be paid out through the end of the year, with the bulk of the IRS payments having already gone out.
Angela Lang/CNET
Do you have to pay taxes on your stimulus payment? Will it affect your refund next year?
No. You don’t have to pay taxes on a stimulus payment you receive from the IRS. The IRS does not consider it income, and a payment you get in 2020 will not reduce your refund or increase the amount you owe when you file your 2020 tax return next year. It will also not count toward determining any benefits you receive from the federal government.
You can spend your stimulus money just like cash. The IRS will only reduce the payment to offset past-due child support.
How to use the Economic Impact Payment prepaid debit card
On May 18, the US Treasury said it is starting to send about 4 million prepaid debit cards called EIP cards. The Treasury said it’s sending these cards instead of paper checks to some eligible US residents for whom the government does not have banking information. We’ve asked the Treasury for clarification on who gets a card versus a paper check.
The Treasury said you can use the card to make purchases, get cash from in-network ATMs and transfer funds to your personal bank account without a fee. You can also use the card at stores that accept Visa debit cards. Once you receive your EIP card in the mail, head to the EIP card page to set it up.
Find the schedule for when you can expect your check
You can use the IRS Get My Payment to see a schedule for your payment. The US Postal Service also has a free service that can notify you when your check will arrive in the mail. You’ll need to sign up for it. 
As part of the 2020 stimulus package, you may meet the requirements for a payment from the federal government.
James Martin/CNET
When will the checks be completely paid out?
For those who expect to receive their payments through the mail, the IRS will have sent the bulk of the payments out by the end of June. The agency said it would sharply increase the number of checks mailed through that month. However, a smaller number of checks may continue to arrive through the end of the year. 
If you want to receive your payment straight to your bank through direct deposit, however, the deadline to provide your banking detailing in the IRS Get My Payment portal has passed. Those who had previously provided the IRS with their banking info can still receive their payment through direct deposit.
The Social Security Administration said Supplemental Security Income (SSI) recipients who didn’t file a 2019 and 2018 return and who don’t have a representative payee should have received their electronic payment from the IRS by May 13 by direct deposit or to their Direct Express card. For SSI recipients who receive their monthly SSI payment by paper check, the IRS began mailing checks on May 15.
Here’s what we know about tracking your stimulus payment. If you moved since the last time you filed your taxes, here’s where you can update your address with the IRS.
Every little bit helps.
Angela Lang/CNET
How much stimulus money you get depends on your taxes
The total amount of your stimulus check will be based on your adjusted gross income, or AGI, from your 2019 federal tax filing or — if you haven’t filed this year — your 2018 filing.
If you’ve filed your 2019 federal tax return, you can find that figure on line 8b of the 2019 1040 federal tax form. It’s line 7 on the 2018 1040 tax form. If you haven’t filed this year, don’t worry. The US government has delayed the due date for 2019 taxes to July 15 as a result of coronavirus.
Here’s who is eligible for a stimulus payment
The amount you’ll receive will depend on your total income in 2019 or 2018. If you qualify, you’ll receive one payment. Here’s who qualifies:
If you’re a single US resident and have an adjusted gross income less than $99,000
If you file as the head of a household and earn under $146,500
If you file jointly without children and earn less than $198,000
Read on for how your payment is calculated and how much you can expect. You can also look at this calculator from the Washington Post.
The IRS said someone who died before receipt of the payment, a non-resident alien or someone who is incarcerated does not qualify for a check. These payments need to be returned if received, the IRS said.
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How much you’ll get as a single taxpayer
A single US resident must have a Social Security number and an AGI under $75,000 to receive the full amount of $1,200. The sum decreases as your AGI goes up. If your adjusted gross income reaches $99,000, you won’t be eligible for the stimulus. 
Heads of household
If you file as head of a household, you will get the full $1,200 payment if your AGI is $112,500 or less, with the amount decreasing until you reach $146,500.
Couples filing jointly
Married couples filing jointly without children with an adjusted gross income below $150,000 will get a $2,400 payment, decreasing to zero at $198,000.
For children
For each child aged 16 or younger in the family, parents will get a payment of $500. Parents will not receive a payment for children born, adopted or placed into foster care in 2020 because the payment is based only on information from your 2019 or 2018 tax return. The IRS said you may claim the child next year for an additional credit on your 2020 tax return. Older children and other dependents may not be eligible for a payment.
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If you haven’t filed federal taxes for 2018, do that right now
The IRS said if you haven’t filed your 2018 federal taxes, that could affect your stimulus check and urges anyone who hasn’t filed a 2018 tax return to file now. Be sure to include direct deposit banking information on the return.
Read more: The best tax software for 2020: TurboTax, H&R Block, TaxSlayer and more
If you’re not typically required to file a tax return, you could still receive a payment
Many who normally are not required to file a tax return — including senior citizens, Social Security and Social Security Disability Insurance recipients and railroad retirees — will not need to file a simple tax return to receive the payment, the IRS said.
The IRS said recipients of Supplemental Security Income will automatically receive the full $1,200 economic impact payment, with no action needed on their part.
Others, including those who haven’t filed a 2018 or 2019 return because they are under the normal income limits for filing a tax return, can use the Non-Filers portal to get their payment. To get started, go to the IRS’ Non-Filers: Enter Payment Info Here site and tap the Non-Filers: Enter Payment Info Here button. As part of the process, you’ll enter personal information and, if you want to receive your stimulus check by direct deposit, banking information.
What about Social Security recipients?
The Treasury Department said that Social Security beneficiaries who are not typically required to file tax returns will not need to file an abbreviated tax return to receive a payment. Instead, the IRS will use the information on Form SSA-1099 for Social Security beneficiaries who did not file tax returns in 2018 or 2019.
The IRS said automatic payments should already be arriving for recipients of Social Security, survivors or disability insurance benefits and Railroad Retirement benefits.
What about those who receive federal benefits and have children?
The IRS said those who receive federal benefits, have dependent children and weren’t required to file a tax return in 2018 or 2019 needed to act by late April or early May to receive a full payment this year.
Without submitting this information by the due date, the IRS will give you $1,200 this year and the additional $500 per eligible child with your return filing for tax year 2020 — roughly a year from now.
SSI and VA beneficiaries had until May 5 to update the IRS.
The update deadline for people who receive Social Security, survivor or disability, or Railroad Retirement benefits was April 22. The IRS said recipients in those groups have been scheduled to receive checks.
For more on how to use the Non-Filers tool, see the section above titled “If you’re not typically required to file a tax return…” to learn more.
Among other things, the stimulus checks aim to make it easier to put food on the table.
Angela Lang/CNET
The deadline has passed to set up direct deposit to have the check sent to your bank account
If you don’t have direct deposit to your bank account set up, the deadline to provide your banking details in the IRS Get My Payment portal was May 13. Those who had previously provided the IRS with their banking info can still receive their payment through direct deposit. And you can still use the Get My Payment portal to check the status of your payment.
To avoid scams, the IRS cautions you not to provide your direct deposit or other banking information to others who offer to help you set up an electronic transfer.
Do you need to sign up, apply or request your check?
For most, the federal government will automatically send your check to you electronically or in the mail, if you qualify. If you’ve not filed a tax return for 2018 or 2019, the IRS said you may need to file one to receive a payment. Scroll up to the section “If you’re typically not required to file a tax return, you can still receive a payment” for details on who is required to file and how.
What to do if you don’t receive your check
If you qualify for a payment, the IRS plans to mail you a letter about your payment to your last known address within 15 days after it sends the money. The IRS said the letter will provide information on how the IRS made the payment and how to report not receiving the payment if you don’t get it. Several CNET readers, however, are reporting the letter does not include clear instructions for what to do if you don’t receive the payment. We’ve asked the IRS for clarification.
Starting May 18, the IRS added 3,500 telephone representatives to help with potential problems regarding payments. The representatives won’t be able to help with problems specific to your payment, however. CNET readers report being able to get through to the service and receiving help.
We have tips for how best to use your stimulus check and how to avoid being scammed. In addition to the economic stimulus package, the US government delayed the income tax filing deadline to July 15. If you need more help, here’s how to get financial relief.
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aaronsniderus · 6 years ago
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Where Is My Tax Refund? IRS Tax Refund Schedule 2019
Ah the glorious relief of filing your tax return, especially if it’s accompanied by the joy of learning you’re going to get a tax refund. But then you start to wonder, “Where is my tax refund?”
We’ve got you covered with answers to common tax return questions – along with a handy tax refund schedule for 2019. (
When Are My Tax Returns Due?
First, before we talk about getting your money back, let’s talk about when you have to send in your tax return paperwork.
The IRS officially began accepting tax returns for the 2019 tax season on January 28, and the 2019 tax deadline to file for individuals is Monday, April 15, for most states. However, if you live in Maine and Massachusetts, the Patriots’ Day holiday on April 15 and in Washington D.C. and the Emancipation Day holiday on April 16 gave those states’ taxpayers an extra two days – they have until April 17, 2019, to file their returns.
Hoping to delay the pain by filing for an extension? Remember that an extension only gives you more time to file, not more time to pay. So even if you choose to file for an extension, you still must pay any estimated taxes you owe by the tax deadline; otherwise you can be subject to a penalty.
If you fail to file, that penalty is 5% of your unpaid taxes for each month your tax return is late, up to 25%. But if you file and just don’t pay, you’ll owe a little less if you rectify your error soon – that penalty is .05% of your unpaid taxes each month, up to 25%. Note that interest will accrue as well at a rate equal to the federal short-term rate (currently at an annual rate of 2.52%), plus 3%.
If you do decide to file for an extension, your paperwork will be due on October 15, 2019.
When Can I Expect My Refund in 2019?
Whether you were an early tax filer or got your tax return paperwork finished just in the nick of time, it’s very common to wonder where your tax refund is. You probably won’t have to wait long: In 2019 the IRS reported that they were expecting most refunds to be issued in less than 21 days.
The good news is that tracking the status of your refund is easier than ever. You can check the status of your refund on the IRS “Where’s My Refund” site or via the IRS2GO mobile app. You’ll need to know your Social Security or Tax ID number, your filing status and your exact refund amount.
According to the IRS website, you should be able to check your status 24 hours after e-filing and four weeks after mailing your return – with updates made daily.
And even though the government shutdown was in progress during the beginning of the tax filing process, it didn’t impact tax refunds even if you were an e-filer. Just as tax season was swinging into gear, the shutdown ended on February 15, 2019.
For the quickest return, make sure to e-file and opt for direct deposit, rather than a mailed check. The IRS issues most refunds in less than 21 days.
2019 Refund Delays
There are two key exceptions to the estimated 21-day return timeline. Due to the “Protecting Americans from Tax Hikes (PATH) Act of 2015,” the IRS must hold tax refunds that include the Earned Income Tax Credit (EITC) and the Additional Child Tax Credit (ACTC) until February 15, 2019. According to the law, the entire refund must be held, not just the portion associated with the EITC or ACTC. So if your situation includes that, be aware that you shouldn’t expect your refund until the week of February 25 at the earliest.
2019 IRS Refund Schedule
Wondering exactly when you might expect your tax return? Based on the trends of years past, you can use this chart (source: The College Investor) as a guideline to estimate when you should receive your payment.
2019 IRS Tax Refund Estimated Calendar Date Accepted Direct Deposit Sent Paper Check Mailed Jan. 28 – Feb. 2, 2019 Feb. 15, 2019 Feb. 22, 2019 Feb. 3 – Feb. 9, 2019 Feb. 22, 2019 March 1, 2019 Feb. 10 – Feb. 16, 2019 March 1, 2019 March 8, 2019 Feb. 17 – Feb. 23, 2019 March 8, 2019 March 15, 2019 Feb. 24 – March 2, 2019 March 15, 2019 March 22, 2019 March 3 – March 9, 2019 March 22, 2019 March 29, 2019 March 10 – March 16, 2019 March 29, 2019 April 5, 2019 March 17 – March 23, 2019 April 5, 2019 April 12, 2019 March 24 – March 30, 2019 April 12, 2019 April 19, 2019 March 31 – April 6, 2019 April 19, 2019 April 26, 2019 April 7 – April 13, 2019 April 26, 2019 May 3, 2019 April 14 – April 20, 2019 May 3, 2019 May 10, 2019 April 21 – April 27, 2019 May 10, 2019 May 17, 2019 April 28 – May 4, 2019 May 17, 2019 May 24, 2019
  Track Your Federal Refund with the IRS Refund Status Tool
As mentioned, it’s easier than ever to find out where your tax refund is.
First, get your tax return handy so you can easily provide the information they need:
Social Security number
Filing status
Exact amount of your refund
Notes said: link with a UX-friendly button, like the one on this page. (Think this is a design thing?)
  Track Your State Refund
Often your state refund will come in faster than your federal one. Although timing varies by state, you must file your federal return first to begin the process, but you don’t have to wait for your federal return to receive your state payment.
Wondering how your state refund is doing? Click on the links below to be taken directly to your state’s refund tracker. If your state isn’t listed, it’s because certain states don’t collect income tax. Alabama
Arizona
Arkansas
California
Colorado
Connecticut
Delaware
Georgia
Hawaii
Idaho
Illinois
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota
Mississippi
Missouri
Montana
Nebraska
New Jersey
New Mexico
New York
North Carolina
North Dakota
Ohio
Oklahoma
Oregon
Pennsylvania
Rhode Island
South Carolina
Utah
Vermont
Virginia
Washington D.C.
West Virginia
Wisconsin
Common Tax Refund Schedule and Tracking Questions, Answered
Still wondering where your tax refund is? Here is a short list of “FAQs” for easy reference.
What are the current deadlines?
Tax returns are due April 15, 2019, for all states, except Maine and Massachusetts, which have until April 17, 2019. If you file for an extension, you have until October 15, 2019, to send your paperwork. However, you still must pay your estimated taxes to avoid a penalty.
Why might my tax refund be delayed?
If your tax documentation includes the Earned Income Tax Credit (EITC) or the Additional Child Tax Credit (ACTC), your tax refund will be delayed until February 15, 2019. Other reasons for a potential delay include the wrong name or Social Security number, math mistakes and incorrectly putting information on the wrong line. Be sure to double-check your return before you submit to avoid an unnecessary delay.
What things can expedite my refund?
Use the e-file option and choose “direct deposit” for the fastest payment of your tax refund.
When e-filing, how long might it take on average?
According to the IRS, refunds typically go out within 21 days after the paperwork is received.
How can I track my refund?
You can check the status of your tax refund on the IRS “Where’s My Refund” site or via the IRS2GO mobile app.
How should I best spend my tax refund? Of course it’s tempting to blow it on a fun vacation or new wardrobe, but you’ll get more bang for your buck if you make wise financial choices. Consider paying down debt, building your emergency fund or even investing in your home.
How will you be spending your tax refund? Let us know in the comments below!
The post Where Is My Tax Refund? IRS Tax Refund Schedule 2019 appeared first on ZING Blog by Quicken Loans.
from Updates About Loans https://www.quickenloans.com/blog/tax-refund-irs-tax-refund-schedule-2019
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