The U.S. Senate unanimously passed a $2 trillion stimulus package, which the U.S. House passed and then signed into law by President Trump.

So what does that mean for you? Well, for starters it means that most Americans are about to receive some kind of stimulus cash. Most adults are expected to get about $1,200 plus an additional $500 for every child under 16 in a household. 

The nice part about this? If you’re someone who has been filing your federal income taxes on the reg you won’t need to do anything but wait for your money, since the funds will be distributed using IRS records. The IRS will be working off of the 2019 filings—or the 2018 filings if 2019 hasn’t been submitted—so if you haven’t gotten around to doing that yet, you might want to take care of it pronto, according to the IRS website.

The U.S. treasury disbursed the first wave of COVID-19 relief payments Wednesday, April 15, 2020 morning, bringing much-needed financial assistance to American families as the economy wrestles with the realities of social distancing.

Those who filed recent tax returns with their direct deposit information were the first to receive funds, while others may have to wait weeks or months for paper checks to arrive in the mail.

Click Here To Check Your Payment Status

The Get My Payment site is operating smoothly and effectively. As of mid-day today, more than 6.2 million taxpayers have successfully received their payment status and almost 1.1 million taxpayers have successfully provided banking information, ensuring a direct deposit will be quickly sent. IRS is actively monitoring site volume; if site volume gets too high, users are sent to an online “waiting room” for a brief wait until space becomes available, much like private-sector online sites. Media reports saying the tool “crashed” are inaccurate.

In situations where payment status is not available, the app will respond with “Status Not Available”.  The IRS reminds users you may receive this message for one of the following reasons:

• If you are not eligible for a payment (see IRS.gov on who is eligible and who is not eligible)
• If you are required to file a tax return and have not filed in tax year 2018 or 2019.
• If you recently filed your return or provided information through Non-Filers: Enter Your Payment Info on IRS.gov. Your payment status will be updated when processing is completed.
• If you are a SSA or RRB Form 1099 recipient, SSI or VA benefit recipient – the IRS is working with your agency to issue your payment; your information is not available in this app yet.

You can check the app again to see whether there has been an update to your information.  The IRS reminds taxpayers that Get My Payment data is updated once per day, so there’s no need to check back more frequently.

The IRS continues to closely monitor the situation. In addition, more information will be shared on IRS.gov shortly on some common questions taxpayers are asking.

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