Coronavirus: CARES Act Rebate Payments
Updated: May 12, 2020
In April, the Internal Revenue Service (IRS) began sending out Economic Impact Payments authorized by the CARES Act.
The IRS regularly updates their FAQ page to provide the most recent information on Economic Impact Payments. While most individuals should have received their payment in April, the IRS is still sending out paper checks to those who did not provide bank information.
If you did not include bank information on your tax return or were not required to file a tax return, individuals have until 12:00 p.m. (noon) on Wednesday, May 13, 2020 to update your banking information so that you may receive your stimulus payment by direct deposit.
Beginning in mid-April, the IRS started to mail about five million paper checks each week. The IRS sent the first checks to individuals with incomes between $0-$10,000. The income level moves up by about $10,000 each week.
Earlier today, House Democrats unveiled the Heroes Act that proposes additional direct payments of $1,200 per family member and up to $6,000 per household.
Updated: April 28, 2020
In the past few weeks, many Americans began receiving rebates also known as economic impact payments from the Internal Revenue Service. This factsheet provides a basic overview of what to expect.
Unfortunately, there are also many scams and thieves; please remember that the IRS will not call, text, email, or contact you on social media. Please do not click links or open attachments from entities claiming to have information about economic impact payments or rebates.
As Chair of the Ways and Means Oversight Subcommittee, I recently raised concerns about reports of political delays and returned payments of this desperately needed assistance. My staff and I are working to elevate and resolve any challenges you encounter with receiving your payment.
The Internal Revenue Service updated guidance for –
- Individuals who do not traditionally file taxes;
- Taxpayers wondering about the status of their pay; and
- General questions on how to access payments.
Supplemental Security Income and Veteran Affairs beneficiaries need submit additional information by May 5, 2020 if they did not file a tax return in 2018 or 2019 AND have a child dependent. These non-filers may update their information here to receive an additional $500 per child in their economic impact payment checks. If you fail to act by May 5th, you may receive the rebate when filing your taxes next year.
In addition, employers and small businesses should also continue to monitor the IRS website for updates on tax relief and guidance for businesses and nonprofits during this time.
Metro Atlanta is also home to many IRS employees. Over the weekend, I expressed alarm about the these and many other IRS employees potentially returning to the workplace without protective equipment and clear safety protections. Critical work can be completed without jeopardizing the health of federal workers.
Updated: April 22, 2020
Certain Social Security beneficiaries and Supplemental Security Income (SSI) recipients must update their information by today in order to receive their full economic impact payment authorized in the CARES Act. You must take action if you–
- are a Social Security retirement, survivors, and/or disability insurance beneficiary;
- did not file tax returns in 2018 or 2019; and
- have eligible child dependents (under age 17)
You should immediately visit the IRS’s webpage at https://www.irs.gov/coronavirus/non-filers-enter-payment-info-here and visit the "Non-Filers: Enter Payment Info Here" section to provide their information.
If you do not update your information by today, you will not be able to receive the additional funds ($500 per child dependent) in your rebate check until you file your taxes next year. Please note that SSI recipients will need to take this action by later this month; the IRS will provide a specific date soon.
Updated: April 15, 2020
Today, Ways and Means Oversight Subcommittee Chairman John Lewis (GA-05) and Select Revenue Measures Subcommittee Chairman Mike Thompson (CA-05) wrote to Treasury Secretary Steven Mnuchin asking for an immediate explanation regarding news reports that the President’s name was being added to the economic impact payments at the last minute and potentially delaying the delivery of this badly needed economic relief. The Chairmen demanded an immediate answer and a timeline by which these checks would be sent.
Updated: March 30, 2020
- The payment is $1,200 for each adult individual ($2400 for joint filers), and $500 per a qualifying child under age 17.
- The advance payment of rebates is reduced by $5 for every $100 of income to the extent a taxpayer's income exceeds $150,000 for a joint filer, $112,500 for a head of household filer, and $75,000 for anyone else (including single filers).
Rebates will be delivered automatically—by the IRS—to most Americans who file individual federal income tax returns. When available, electronic direct deposit will be used in place of mailing a physical check. You may find additional information about rebate payments and updates, as they become available, on the IRS website.
The Ways and Means Committee has also released an explainer on how rebate payments work alongside Social Security and SSI payments.
Please know that direct assistance remains a priority for me and many House Democrats; we proposed direct assistance of $1,500 per person and up to $7,500 for a family of five. While this level and many other people-focused priorities were excluded from the compromise bill, they remain a priority for any future legislation.