Stimulus Checks: Economic Impact Payments
The IRS announced the latest stimulus update Friday with details for how many stimulus checks have been delivered and a payment distribution breakdown for how much stimulus money each state has received. This is the third of three official IRS updates regarding the $1,200 stimulus checks. The first was provided on April 24, the second was provided on May 8 and the third, this latest one, was just provided on May 22.
To date, the IRS has delivered stimulus checks to approximately 152 million individuals, and it has distributed a total dollar amount of nearly $158 billion to states and foreign territories. These IRS updates have come out about every two weeks with the number of individuals receiving stimulus checks increasing from 88 million in the first reporting to 127.5 million in the second reporting, and now it’s up to more than 152 million people. This means that over the past two weeks since May 8, stimulus checks have been delivered to an additional 24.5 million individuals.
State-by-state payment distribution breakdown.
Below is a breakdown of the most recent stimulus check distribution updates. If you want to view this same data for the stimulus update that was provided back on April 24, click here. If you’re interested in viewing this data for the stimulus update that was provided just prior to this one back on May 8, click here.
To date, $257.9 billion have been sent out to 152.1 million individuals. As you can see from the table below, the IRS officially calls stimulus checks Economic Impact Payments (EIP). The data in this table has been sorted by the “Total $$ Amount” column in ascending order from smallest to largest. You’ll note that the District of Columbia has so far received the lowest amount of EIP payments while California has received the highest amount.
Stimulus Checks: IRS Economic Impact Payments, Updated May 22, 2020
IRS Generated Data: Economic Impact Payments State by State
With this update, IRS Commissioner Chuck Rettig communicated that, “Economic Impact Payments have continued going out at a rapid rate to Americans across the country,” and he reminded people that they can go to IRS.gov to stay updated on the latest information, and get answers to the most common stimulus check questions.
Non-filers (individuals with little income or no income) can get the $1,200 stimulus check.
The IRS is urging people who aren’t required to file taxes or those who don’t normally file taxes to sign up to receive their stimulus checks. Low-income individuals and individuals with no income at all are eligible to receive the $1,200 stimulus check payment. If you fall into this category, use this IRS non-filer tool to insert your information, and give the IRS a place to send your stimulus check. All you have to do is put in details such as your name, address and/or banking details so that the IRS can send your check to you.
Wondering where your stimulus check is?
If you are sure that the IRS has your banking details for a direct deposit payment and/or it has your current mailing address but you still haven’t received your stimulus check, contact the IRS to check the status. You can check the status of your stimulus payment online by using this IRS “Get My Payment” tool. You can also call the IRS as it recently announced it was hiring 3,500 telephone representatives to filter and answer stimulus check questions. If you prefer to call, you can reach an economic impact payment representative at (800) 919-9835. An alternative option is to dial the IRS customer service main line at (800) 829-1040.
What’s the deal with paper checks?
If the IRS has your information but you are still waiting on a paper check, it may take a little while. Paper checks started getting mailed out to residences on April 24, but the timeline for receiving paper checks is quite lengthy because checks are being mailed out on a weekly basis to recipients in order of income.
Paper checks are being mailed to recipients in order of income level with lowest earners getting theirs mailed first and proceeding week after week until the highest earners receive their checks sometime in September.
Are more stimulus checks coming after the $1,200 payments?
Congress is currently considering additional stimulus checks. The House passed this bill that includes a second round of $1,200 stimulus checks, but the Senate has to decide if it will agree to additional stimulus checks before anything can become law. Basically, the momentum is moving in the direction of Congress passing another stimulus check, and the expectation is that House and Senate negotiations will occur in June. To learn more details about the second stimulus check, read this article: 5 Facts On The Second Stimulus Check.
Key stimulus plan details and eligibility requirements.
You can find more specific details outlined here, but here below are some key points you should know.
- You must be a U.S. citizen or qualifying U.S. resident alien to qualify.
- Individuals with adjusted gross incomes of $75,000 or less are eligible. Head of household filers who earn $112,500 or less are eligible. Married couples who file jointly with $150,000 a year or less are eligible. For a deeper dive, go to IRS here.
- Those who make more than the above incomes can still receive reduced stimulus checks if you earn $99,000 per year or less for individuals, $136,500 per year or less for head of household and $198,000 per year or less for married filing jointly.
- Parents or legal guardians can receive $500 per eligible child.
- This money won’t be counted as income, and you don’t have to pay any taxes on it.
- College students and persons with disabilities are not eligible if they were claimed as a dependent on another person’s taxes.
- You can get this payment even if you didn’t earn any income.
- You can get this payment even if you’re unemployed or currently receiving funds via the COVID-19 Unemployment Insurance Relief program.
- You can get this payment even if you don’t normally file taxes. Use this IRS tool to insert your details and request the $1,200 stimulus payment.
- You don’t need a bank account to get the payment. Just go here to use the IRS tool to add bank account details if you want to have your payment sent to your bank.
- Undocumented immigrants—including those who file tax returns and pay federal taxes—aren’t eligible for this stimulus payment.
- This stimulus payment can be withheld in full and/or reduced to pay delinquent child support payments.