As reported by cnet,
Now that Congress has approved a, the fastest way you’ll receive it will likely be . We know that people who’d already provided the IRS with their banking information — either through their tax returns or by signing up using a new tool created for the first stimulus check — were more likely to receive their check faster than people who got a or .
Thecomes as part of a that authorizes and . It could be delivered . You can estimate your sum with our .
Though we’re still waiting on President Donald Trump to, you can get ready for the and ensure that you by providing the IRS with your direct deposit information. Here’s what to do if you haven’t already set up direct deposit with the IRS. (And here’s who .) This story is updated frequently with new information.
How did the IRS get my bank account information for the first check?
For the first round of payments, the IRS used direct deposit information from one of a few places:
- Your most recently filed tax return if you received a refund by direct deposit in 2018 or 2019.
- The bank information you provided through the Get My Payment online tool.
- The bank information you provided through the Non-Filers: Enter Payment Info Here tool.
Will the IRS use the same information for the second stimulus check?
For the, the IRS will again use banking information provided through a federal tax return. An IRS spokesperson told CNET that banking information captured through the Get My Payment and Non-Filers tools was specific to the first check, so reusing information entered through those IRS tools would depend on what guidelines Congress sets out in another economic rescue bill for direct deposit payments.
What does the IRS need to set up direct deposit?
The IRS hasn’t opened up its Get My Payment tool to new direct deposit submissions yet, but when it’s time to provide your banking information, you’ll want to have on hand your bank account type and routing and account numbers. You have several ways to find this banking information.
Banking website: Your bank’s website may show your routing and account numbers. Log in to the account you want to use, and look around for the numbers you need.
Banking app: If your bank has an app, it may show you your account and routing numbers. In the app, tap the account you want to use to see the account and routing numbers.
Printed check: At the bottom of your check you most likely will see three sets of numbers: The first set of nine numbers is your routing number. The second set of 8 to 12 numbers is your account number. The third set is the one you don’t need for direct deposit, as it’s the number of the individual check.
Check this IRS page for more help with locating your routing and account numbers.
Can I still change or correct my banking information with the IRS?
While you could use the Get My Payment and Non-Filers tools to provide the IRS with your banking information, the IRS has said it does not allow people to change the direct deposit information for a stimulus payment it has on file. This is a safeguard against fraud.
The IRS said if your banking information has changed or is incorrect or the bank account is closed, the bank will reject the deposit and the federal bureau will then mail the payment to the address it has on file. For help, you could attempt to call the IRS assistance phone number at 800-829-1040. For specific questions on stimulus payments, call here’s the number for the IRS help line: 800-919-9835.
If you’ve moved, you can provide the IRS with.
Will the IRS have a deadline for me to provide my banking information?
For the first check, the IRS set a May 13 deadline to provide the agency with your banking information — this was about a month after the first direct deposits were made. If you missed the deadline, you got your check in the payment either in the mail or as. We might expect a similar cutoff from the IRS, but we haven’t heard details yet.
For more on the checks, here’s, how to and everything you should know about now.