How to Know If You’re Getting a Stimulus Check
With the ongoing global economic uncertainty and the need to support individuals and businesses affected by the pandemic, stimulus checks have become a crucial lifeline for many. If you’re wondering whether you’re eligible to receive a stimulus check, here’s a guide to help you determine if you’re getting one.
1. Check Your Eligibility:
The first step in knowing if you’re getting a stimulus check is to verify your eligibility. Generally, individuals who filed a 2019 or 2020 tax return, had a Social Security number, and were not a dependent of someone else are eligible. If you meet these criteria, you should be on the list to receive a stimulus payment.
2. Monitor Your Bank Account:
Once you’ve confirmed your eligibility, the next step is to keep an eye on your bank account. If you have direct deposit set up with the IRS, you should receive your stimulus check directly into your account. If you don’t have direct deposit, the IRS will mail a check to your address on file.
3. Look for Notifications from the IRS:
The IRS will send you notifications regarding your stimulus check status. You can check your account on the IRS website or use the “Get My Payment” tool to track the status of your payment. If you receive a message indicating that your payment has been sent, you’re on your way to receiving the stimulus check.
4. Be Aware of Scams:
Unfortunately, scammers are always looking for ways to exploit the situation. Be cautious of any unsolicited emails, calls, or messages asking for your personal information or payment. The IRS will never ask for your Social Security number, bank account information, or other sensitive data over the phone or via email.
5. Check the IRS Portal for Updates:
The IRS website is a valuable resource for staying informed about stimulus checks. Regularly check the IRS portal for updates on the status of your payment, including any changes to the eligibility criteria or the release schedule.
6. Review Your Tax Return:
If you haven’t yet filed your 2020 tax return, it’s essential to do so as soon as possible. Your stimulus check eligibility and amount are based on your tax return information. By filing your return, you ensure that you receive the correct amount of the stimulus payment.
In conclusion, to know if you’re getting a stimulus check, you must first verify your eligibility, monitor your bank account, look for notifications from the IRS, be aware of scams, check the IRS portal for updates, and review your tax return. By following these steps, you can ensure that you receive the financial support you need during these challenging times.
