WASHINGTON — The Treasury Department and the Internal Revenue Service today announced that distribution of economic impact payments will begin in the next three weeks and will be distributed automatically, with no action required for most people.
However, some seniors and others who typically do not file returns will need to submit a simple tax return to receive the stimulus payment. Here is some useful information you may need to know! What if the IRS does NOT have your direct deposit information on file – what can you do to ensure your checks get swiftly deposited (otherwise, you’ll have to wait considerably longer via the mail)? In the coming weeks, Treasury plans to develop a web-based portal for individuals to provide their banking information to the IRS online, so that individuals can receive payments immediately as opposed to checks in the mail.