By ROCCO MAGLIO
The US Government is sending out economic impact payments. One of the issues with this is finding all the people who qualify and making sure that they receive their payments. The IRS is sending out the payments and will be sending them to the addresses and direct deposit locations that they have on file.
Providing the IRS direct deposit information will lessen the time it takes to receive your payment. There are two different paths you have to follow to add your direct deposit information; it depends on whether or not you were required to file taxes with the IRS.
If you did not have to file taxes, the IRS has already set up an application to allow you to provide your information and where to send your payment. You do not need to provide information if you are receiving social security; payments will be sent to where you receive your payments. If you are receiving social security benefits you can use the non-filer website to register for the $500 payment for dependent children under 17.
The IRS has developed an application that will let you track your payment, add your direct deposit information, or change your mailing address if you had to file taxes in 2019. Through this tool, using your Social Security Number, date of birth, and mailing address you can receive updates on the payment. If it is necessary to update your bank information because you did not provide direct deposit information for your tax return or your banking information has changed, you will need your adjusted gross income from the most recent tax return submitted, either 2019 or 2018. The refund or amount owed from their latest filed tax return and the bank account type, account and routing numbers.
You can get to both of the non-filer and filer options applications by going to https://www.irs.gov/coronavirus/economic-impact-payments.