April 17, 2020

Optima Tax Relief provides assistance to individuals struggling with unmanageable IRS tax burdens. To assess your tax situation and determine if you qualify for tax relief, contact us for a free consultation.

As of this week, the IRS has started to send out stimulus checks to taxpayers. An estimated 80 million people received the payment deposited into their bank accounts this Wednesday, others will be waiting longer to receive their money.

When should I expect to receive my payment?

The initial round of payments went to those who filed their 2018 and 2019 tax returns who requested directed deposits for their tax refunds. Those who had the lowest amount of income were distributed their checks first. In addition to this, Social Security recipients will automatically receive their tax payment even if they have not filed a tax return. 

For those who opted out of direct debit, the IRS will distribute checks, taxpayers could be waiting for weeks before they receive their money. If you have not been required to file a tax return for the past two years, the IRS will require you to submit some information before they send you a check. 

How do I check the status of my payment?

If you have yet to receive your stimulus check and want to find out further information on when you should expect it, the IRS
created an online tool called Get My Payment that allows taxpayers to check on the status of their money. 

In order to track the status of your money, the IRS will require that you enter your Social Security number, date of birth, and mailing address. For those that attempted to use this tool on Wednesday, the Treasury Department recommends checking again since the tool updates once daily. 

If you need tax help, contact us for a free consultation.