2020 ECONOMIC IMPACT PAYMENT

Everything to help you
get your economic
impact payment as
soon as possible

We've sent the IRS all of the info required
to get economic impact payments to TurboTax
customers. Use the IRS Get My Payment
tool to confirm what account or address
they are sending your payment to,
and when.

2020 Economic Impact Payment Calculator

Let’s see how much you can expect if you qualify.


2020 Economic Impact Payment Calculator

Let’s see how much you can expect if you qualify.


What do I need to do to get my economic impact payment?


  • If you filed your taxes
    in 2018 or 2019

    The IRS is sending your economic impact payment to the bank account or mailing address on your most-recent return. Confirm where they’re sending your payment and when you can expect it with the IRS Get My
    Payment
    tool.

    Go to the IRS


  • If you don’t need to file
    your taxes this year

    If you’re not required to file taxes and don’t
    receive Social Security benefits, use the
    TurboTax Free File Economic Impact
    Payment Registration to give the IRS your
    up-to-date mailing address and direct
    deposit banking info so you get your
    payment as soon
    as possible.

    Register now

If you haven't filed your taxes yet this year

You can file your federal and state taxes for free with the IRS Free File Program delivered by TurboTax if your
adjusted gross income (AGI) is less than $36,000 (or $69,000 for active duty military), or if you qualify for the
Earned Income Tax Credit (EIC).
Don’t qualify? Return to IRS.gov to see other Free File Offers.

Economic impact payment FAQs

Here are some helpful answers for you

What if I’m not sure I need to file a
tax return?

You’re only required to file a tax return if you made over a certain income in 2019 and did not file a return in 2018. For single taxpayers under 65, the cutoff is $12,200, and for married couples filing jointly, it’s $24,400. It’s higher for people 65 and older, as well as those who qualify as head of household. See here for full details. Social Security beneficiaries who usually do not need to file a tax return, still will not need to file a
tax return.

Otherwise, if your income was under the cutoff for your situation, you don’t need to file a full tax return this year. However, you still qualify for a stimulus check—use our Stimulus Registration for non-filers to ensure the IRS has your most
up-to-date info.

Who is eligible to receive an economic
impact payment?

Tax filers with an adjusted gross income (AGI) up to $75,000 for individuals, $112,500 for heads of household and up to $150,000 for married couples filing joint returns will receive $1,200 per individual, plus $500 per qualifying child. For filers with income above those amounts, the payment amount is reduced by $5 for each $100 above the $75,000/$112,500/$150,000 thresholds. Single filers with income exceeding $99,000 and $198,000 for joint filers with no children are not eligible. A Social Security number is required to receive a stimulus check. If you’ve been claimed as a dependent on someone else’s 2019 tax return, you aren’t eligible to receive a stimulus payment.

What is the IRS Get My Payment tool?

The IRS Get My Payment site allows you to:

  • Check your payment status
  • Confirm your payment type: direct deposit or check
  • Enter your bank account information if it's not already on file

What if I filed my taxes this year and owed money?

If you had a balance due this year, the IRS will mail a paper check to the address on your 2019 return, unless you were sent a refund by direct deposit in 2018, in which case your economic impact payment will be sent to
that account.

This will not affect the amount you owe for your 2019 taxes, which is due by July 15, 2020.

What if someone claimed me as
a dependent?

If you’ve been claimed as a dependent on someone else’s 2019 tax return, you aren’t eligible to receive a
stimulus check.

Where can I find more information on economic impact payments?

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