For a comprehensive explanation & the most up-to-date information regarding the Economic Impact Payments, please visit:
- CEDAM's Tax Resource page
- IRS's Economic Impact Payment page
- Stimulus Payment Resource Page (created by University of Michigan)
As part of the Coronavirus Aid, Relief and Economic Security (CARES) Act, Americans will be receiving economic recovery rebates (stimulus payments) to provide some financial relief during the COVID-19 pandemic.
What does this mean?
The recovery rebates are an additional refundable tax credit that will be applied to 2020 tax returns, but estimates are paid out to taxpayers based on 2019 or 2018 adjusted gross income (AGI). This is an additional credit for the taxpayer on top of whatever refund or tax is owed for the 2020 tax year.
How do I know if I will receive an Economic Impact payment?
If either of the below apply to you, then you are all set!
- Filed your 2018 or 2019 taxes.
- Received Social Security or Railroad Retirment benefits.
You can also check the status of your payment here: Check the status of your stimulus payment
What if I still need to file a tax return for 2018 or 2019?
Filing 2019 taxes online yourself will be the QUICKEST and EASIEST way to receive your refund and economic stimulus payment. If you have a filing requirement, we recommend CreditKarma or IRS's Free File program for free online tax filing. These free sites are easy to use, some have online support available, and many can be used on a smartphone or tablet.
Our free in-person tax services (VITA) are suspended indefinitely due to COVID-19 (as are all other free in-person tax services in Washtenaw County). At this time, we have no estimate available for when we will be able to resume our tax services.
If you are unable to file your own taxes online, you can click here to be added to our Contact List to receive a notification if/when we resume VITA services. We have no estimate or specific details about when this might be.
Frequently Asked Questions
What if I do not receive Social Security and I have not filed taxes in prior years because I have no income or no filing requirement? Will I still receive a stimulus payment?
Eligible U.S. citizens or permanent residents who:
- Had gross income that did not exceed $12,200 ($24,400 for married couples) for 2019
- Were not otherwise required to file a federal income tax return for 2019, and didn't plan to
You can provide the necessary information to the IRS easily and quickly online here: Non-Filers: Enter Payment Info
Can college students receive the stimulus payment? They can! It will depend on their filing status. If they were claimed as a dependent on their parent’s tax return, and are 17 or older, they are not eligible for the payment. If the college student claimed themselves, they should be eligible for the full $1,200 payment.
When should I expect to receive my stimulus payment? According to the IRS, stimulus payments will be released within the next 3 weeks and will direct deposited/mailed to you per the method you used on your 2018 or 2019 tax return. Payments will begin as early as April 9th for people who filed in 2019 and gave direct deposit information. The majority of people will recieve their payments by April 17th. If the IRS does not have your direct deposit information they will mail you a paper check. This process will begin April 24th and continue through September, with the IRS prioritizing people with the lowest AGI first. You can click the link below to check the status of your stimulus payment
What method of payment will be used to receive my stimulus payment? The economic impact payment will be deposited directly into the same banking account reflected on your 2018 or 2019 tax return. If you opted to receive a paper check for your 2018 or 2019 refund, you will receive a check in the mail which may result in a multi-month delay.
How does the stimulus payment affect my 2020 taxes? Do I have to pay it back? This tax credit is an advance on your 2020 taxes. As we are now in the 2020 tax year, the recovery rebates are an additional refundable tax credit that will be applied to 2020 tax returns. Payments are being sent out to taxpayers now based on 2019 or 2018 adjusted gross income (AGI). If, when you file your 2020 taxes it turns out you were eligible for a larger credit, you will recieve it at that point. If it turns out you were eligible for a smaller credit, your credit amount will not change, and you will not be required to repay it.
What Should I Do with My Stimulus Check? Our financial coaches have created a resource to help you make a plan of how to best use your Stimulus Check. To access the tipsheet click HERE.
I lost my job and I need help figuring out the next steps. Please click here for other community resources available. You can also call 2-1-1 to talk to someone that can connect you with these resources.
I do not have a bank account, how do I get one? For help accessing low or no-fee bank accounts, please click here.