IRS Introduces New Portal for Non-Filers to Enter Stimulus Payment Info
IRS logo

IRS Introduces New Portal for Non-Filers to Enter Stimulus Payment Info

Since Congress passed the $2 trillion stimulus package that included direct payments for many Americans, there have been several questions about when this money would go out and how individuals could claim their funds. While the Internal Revenue Service (IRS) had previously stated that direct deposit info would be used from 2019 or 2018 tax returns, that left open the question of what would happen with non-filers. Now the IRS has attempted to close that loophole with a new website.

As CNBC reports, the IRS has revealed a portal where those who aren’t required to file tax returns can provide their direct deposit information for quicker stimulus payment. Alternatively, taxpayers can update their information and tell the agency where to send their check. Explaining the purpose of this tool, IRS Commissioner Chuck Rettig stated, “People who don’t have a return filing obligation can use this tool to give us basic information so they can receive their Economic Impact Payments as soon as possible.”

According to the IRS site, eligible U.S. citizens or permanent residents who had gross incomes of $12,200 (or $24,400 for married couples) in 2019 or were otherwise not required to file a federal income tax return for 2019 can use the new site to provide the IRS with the information necessary to issue payment “easily and quickly.” They also note that there is no fee for this service. Meanwhile taxpayers who filed either their 2018 or 2019 returns; receive Social Security retirement, survivors, or Social Security Disability Insurance benefits; or receive Railroad Retirement benefits will automatically receive their payments without needing to take any additional steps.

If you’ll recall, the stimulus bill approved by Congress and signed by President Trump included payments of up to $1,200 per adult and $500 per child for many Americans. U.S. citizens or resident aliens with adjusted gross incomes under $75,000 a year (or $150,000 for married couples) would be eligible to receive full figures, while those making more would see their payments decrease by $5 for each $100 over the stated threshold. This would mean that those with AGIs above $99,000 (or $198,000 for married couples) would receive no stimulus funds at this time.

Beyond this non-filers tool, the IRS also says it’s currently working on a “Get My Payment” portal. Expected to launch on April 17th, this tool would not only allow all taxpayers to update their bank account info for faster payment but also enable them to view the status of their payment, including seeing when payment was expected to be delivered into their account. With payment currently slated to start next week as well, hopefully these tools will mean that Americans in need of financial assistance will see that relief arrive sooner rather than later.

Leave a Reply

The "Email" field is empty, you must enter some text to proceed.The text you entered in the "Email" field appears to be invalid, please edit it and try again
Get the Latest News Delivered to Your Inbox

A Guide to Building Credit and Increasing Your Credit Scores

When it comes to credit, there’s some good news. The average credit score in the United States has been steadily rising in recent years, coming in at 715 in 2023. That may be because, today, consumers not only have more ways to access their credit reports and scores than ever before but also because there are an increasing number of options that Americans have for building credit in the first...

2024 SoFi Checking and Savings Review

Ever since I started taking an interest in the FinTech sector, one company whose name I’ve seen pop up over and over again is SoFi. Lately it seems as though that theme has been sent into overdrive as the company has not only become a household name thanks to its stadium naming rights deal but also because of the company’s continued product expansions. The most interesting development in my mind...
Brim logo

Brim Financial Raises $85 Million as It Eyes Global Expansion

Toronto-based FinTech infrastructure startup Brim Financial has announced a new funding round. About the round: Brim has revealed an $85 million round. The Series C was led by EDC Investments while new investor Vistara Growth and returning investors White Owl Group, Epic Ventures, and Zions Bank also participated. To date, the company has now raised $110 million including a Series B in 2021. According to Brim, the latest funding will...
Chase Freedom Flex card

Chase Reveals Q2 2024 Freedom 5%(+) Bonus Categories

Chase has announced its bonus category picks for the second quarter of 2024 — including some interesting twists. About the categories: As April approaches, Chase has revealed what categories Freedom and Freedom Flex cardholders can earn bonuses on. From April 1st through June 30th, customers can earn 5% (or more) in three categories:, Hotels, and Restaurants. Similar to how Chase embraced a "New Year, New Me" theme last quarter,...

FedEx Announces Winners of 11th Annual 2023 Small Business Grant Contest

Nearly three months after the entry period ended, FedEx has announced the winners of its 11th annual Small Business Grant Content. This year's event saw more than $300,000 in funds going to a variety of small businesses across the nation. Last month, the company revealed 100 finalists, with that list now being narrowed down to just 10 winners. This year's grand prize winners included KindVR, The Cupcake Collection, Up In...