To assure the fastest possible Economic Impact Payment distribution, the IRS made numerous modifications to the Get My Payment tool. In the following post, Optima Tax Relief reviews the Get My Payment online tool, and outlines how the enhancements improve user experience.
The Get My Payment Tool – an online resource that allows taxpayers to check the status of their Economic Impact Payments – has undergone several noteworthy modifications to make the user experience more intuitive and efficient. In addition to providing basic information about the stage of their payment, it also allows users to enter their bank account information so that the payment can be direct-deposited.
The online app is highly secure, and can provide payment tracking information in real time. This will accelerate the payment process for millions of Americans in need of economic relief due to the economic crisis caused by the coronavirus pandemic.
How do I use the Get My Payment app?
If you want to check the status of your Economic Impact Payment, you can download the Get My Payment tool from the IRS.gov. To access your information, you must enter the details of your previous tax return exactly as it appears on your tax return (you should have a copy for reference, which will speed up the process). These details include:
- Taxpayer name
- Social Security Number
- Birth date
Mailing address as it appears on your tax return
You also have the option of entering your banking information for direct deposit; the Get My Payment tool allows users whose banking information isn’t on file with the IRS to speed up payment by submitting bank details. For the fastest payment, you must provide the following:
- Your Adjusted Gross Income from your 2018 or 2019 tax return (whichever was the most recent tax return filed)
- The amount either owed or refunded from your 2018 or 2019 tax return
- The type of bank account, the account numbers, and the routing numbers
It is important to note that once the banking information has been provided to the IRS, it is not possible to change it or substitute a different account. This precaution is designed to protect against fraudulent activities.
The Get My Payment app will let you track the status of your payment, including when the payment is scheduled to be mailed (check) or direct deposited. To learn more about Economic Impact Payments, please visit the IRS.gov coronavirus page.