The first round of the stimulus checks have been deposited into bank accounts. Have you received yours? 


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Here are some other facts about stimulus payments from the IRS website:

  • If you did not use file a tax return in 2018 or 2019, there is a separate tool for non-filers to submit basic personal information to receive stimulus payments
  • If you filed 2018 or 2019 tax returns with your direct deposition information on file, or if you are a Social Security recipient, you don’t need to take any further action as you will automatically receive your check in your bank account in the coming days.
  • The IRS says, however, once your check is scheduled for delivery, you are prohibited from updating your bank account information.
  • Taxpayers are also not allowed to change bank account information that is already on file with the IRS in an effort to help protect against potential fraud.
  • It’s important to note that the IRS does not email, text, or use social media to request your personal or financial information.
  • Anyone earning up to $75,000 in adjusted gross income and who has a Social Security number will receive a $1,200 payment.
  • That means married couples filing joint returns will receive the full payment — $2,400 — if their adjusted gross income, which what you report on your taxes, is under $150,000.
  • Those earning more than $99,000, or $198,000 for joint filers, are not eligible.
  • For heads of household with one child, the benefit starts to decline at $112,500 and falls to zero at $146,500.
  • Parents will also receive $500 for each qualifying child.
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