To our valued clients,
The Get My Payment web application launched yesterday on the IRS website. This app was designed to allow taxpayers, who filed their tax return in 2018 or 2019 but did not provide their banking information on either return, to submit direct deposit information. Once you have, you will get your Economic Impact Payment deposited directly into your bank account, instead of waiting for a check to arrive in the mail. “Get My Payment” also allows taxpayers to track the status of their payment.
After you provided basic personal information, the IRS tool is designed to let you know when you will receive payment. If you need to add you bank accounting information you will need to provide the following additional information:
- Your Adjusted Gross Income from your most recent tax return submitted, either 2019 or 2018
- The refund or amount owed from their latest filed tax return
- Bank account type, account and routing numbers
The Get My Payment app will display one of the following payment statuses:
1. Payment Status (one of two statuses) –
- A payment has been processed, a payment date is available, and payment is to be sent either by direct deposit or mail.
- You are eligible, but a payment has not been processed and a payment date is not available.
2. Need More Information – You are eligible for a payment, but we do not have your direct deposit information. You will be given the opportunity to provide your bank information once you have properly verified your identity. Direct Deposit is the fastest way to get your EIP.
3. Payment Status Not Available – We cannot determine your eligibility for a payment at this time. For example, you didn’t file either a 2018 or 2019 tax return, or you recently filed and the return has not been fully processed.
If a payment date is not provided, updates to your payment status are made no more than once per day so you may continue to check back.
Why would you receive the Payment Status Not Available?
According to the IRS FAQ page, “you may receive this message for one of the following reasons:
Martin D. Williams, CPA,
Managing Partner
Machen McChesney, LLP