The first round of direct-deposit payments will be made automatically to qualifying taxpayers.
Also on Friday, the IRS launched a new tool to help low-income people who aren’t normally required to file returns to input some basic information so that they can receive the stimulus money. They’ll have to provide their Social Security number, name, address, and the number of their dependents — as well as bank account information if they want to receive a direct deposit.
Next week, the IRS is planning to roll out a web portal that will give people whose bank account information is not on file with the agency the ability to submit it in order to get their stimulus payments faster, without waiting for paper checks. It will also help people check on the status of their payments.
The free “Get My Payment” web application will be accessible on the IRS website and allow taxpayers who provide their social security number, birth date and mailing address to monitor their payment status, according to a Treasury press release on Friday.
Those who also submit their adjusted gross income from their most recent — either 2019 or 2018 — submitted tax return, the corresponding refund or amount owed, and their bank account information “will get their Economic Impact Payments in their bank accounts quickly, instead of waiting for a check to arrive in the mail,” according to the press release.
See how much you’re eligible for here:
CNN’s Caroline Kelly contributed to this report.