Recovery Stimulus Rebates

A number of our clients are already seeing their stimulus payment appear in their bank account.   If you would like to inquire as to the status of your stimulus payment or if you want to add Direct Deposit information, we highly recommend you head over to the IRS website to check or add your banking information.  The website can be accessed at: https://www.irs.gov/coronavirus/get-my-payment.   Click on “Get My Payment.”  You will be redirected to a waiting screen which puts you in line to check your payment status.  Do not refresh this page, it will refresh automatically once there is a spot available.  You will need some information from your 2019 return (if already filed) or your 2018 return if 2019 has not yet been filed.

• Payments to individuals of $1,200 ($2,400 for joint filers) plus $500 for each qualifying child are currently being delivered.
• The recovery rebate begins to phase out for taxpayers with adjusted gross income (AGI) above $150,000 for joint filers, $112,500 for heads of households and $75,000 for other individuals. If you’d like to estimate the amount you’ll receive, visit the AARP CARES Act stimulus calculator at Stimulus Payment Calculator
• The payment is not taxable.