Economic impact payment paper check mailing dates. When will you get yours?

The IRS has updated its Internal Revenue Manual to show when it will be mailing economic impact payments (EIPs) via paper checks to taxpayers.

Tax filers with adjusted gross income up to $75,000 for individuals and up to $150,000 for married couples filing joint returns receive the full payment. For filers with income above those amounts, the payment amount is reduced by $5 for each $100 above the $75,000/$150,000 thresholds.

Eligible taxpayers who filed tax returns for either 2019 or 2018 automatically receive an EIP of up to $1,200 for individuals or $2,400 for married couples. Parents also receive $500 for each qualifying child.

In general, if the IRS has direct deposit bank information about a taxpayer eligible to receive an EIP (e.g., from a previously-filed tax return), then the taxpayer will receive the EIP via direct deposit. If the IRS does not have that information, then the taxpayer will receive the EIP via paper check.

IRS has set up the Get My Payment website/tool that: (a) shows taxpayers either their EIP amount and the scheduled delivery date of the EIP by direct deposit or paper check, or that a payment has not been scheduled; and (b) allows taxpayers who did not use direct deposit on their last filed tax return to provide their direct deposit information which will speed their receipt of their EIP. See IRS adds FAQs about “Get My Payment” economic impact payment website/tool (05/06/2020) .

Delivery dates for paper checks. For taxpayers who will be receiving their EIP via paper check because no direct deposit information is available, IRM 21.6.3.4.2.13.2 has been updated to show dates for when those payments are scheduled to be mailed by the IRS. The dates are based on the adjusted gross income (AGI) shown on the taxpayer’s 2019 tax return if filed and processed. Otherwise, it is based on the taxpayer’s AGI shown on the 2018 tax return.

References: For information about EIPs, see FTC 2d/FIN ¶A-4465 .

If AGI is:
Scheduled EIP mailing date:

$10,000 or less
April 24, 2020

$20,000 or less
May 1, 2020

$30,000 or less
May 8, 2020

$40,000 or less
May 15, 2020

$50,000 or less
May 22, 2020

$60,000 or less
May 29, 2020

$70,000 or less
June 5, 2020

$80,000 or less
June 12, 2020

$90,000 or less
June 19, 2020

$100,000 or less
June 26, 2020

$110,000 or less
July 3, 2020

$120,000 or less
July 10, 2020

$130,000 or less
July 17, 2020

$140,000 or less
July 24, 2020

$150,000 or less
July 31, 2020

$160,000 or less
August 7, 2020

$170,000 or less
August 14, 2020

$180,000 or less
August 21, 2020

$190,000 or less
August 28, 2020

$200,000 or less
September 4, 2020

All others
September 11, 2020

Categories: May 2020, Monthly Bulletins
Tags: Covid 19

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