The Internal Revenue Service is launching a new application on its website this week that is designed to help qualifying taxpayers get their stimulus payments from the recent coronavirus spending bill more quickly.
The application is known as “Get My Payment” and is scheduled to launch on Wednesday, April 15, according to a statement from Treasury Secretary Steven Mnuchin.
Update: The Get My Payment application is now on the irs.gov website.
“On Wednesday we will be launching on IRS.gov, click on IRS.gov, go to ‘get your payment’ – if you filed a tax return in 2018 … or ’19, have that information available you’ll be able to I.D. yourself, you’ll be able to put in your direct deposit information and within several days we will automatically deposit the money into your account,” Mnuchin said yesterday during the White House daily coronavirus press briefing. “We want to do as much of this electronically as we can.”
The application will let taxpayers track the status of their stimulus payments and know when to expect it, either by direct deposit or paper check.
If you want to get your payment more quickly and the IRS does not have your direct deposit information on file from either your 2019 or 2018 tax filing, the application will allow taxpayers to input their direct deposit information to get the payment sent electronically.
One thing that the application will not do is allow taxpayers to update their direct deposit information that is already on file. The IRS says this is to protect against fraud. As of now, if an old bank account was closed, you will likely have to wait for a paper check.
The IRS has set up a special section of its website with up-to-date information regarding the coronavirus.