[javascript protected email address] | Phone: 610-262-0755 | www.mlkehmcpa.com

Stimulus Payments are Underway

Stimulus Payments are Underway Image

Taxpayers are beginning to receive their $1,200 one-time Economic Impact Payment plus $500 for each dependent under the age of 17.

First round of payments are underway

Payments have begun hitting the checking accounts of taxpayers who included their bank’s routing and account numbers on their 2019 and 2018 tax returns. So now is the time to starting checking your bank account to see if your payment is processed.

IRS launches new simple filing site

For those who have not filed a tax return for 2019, there is an opportunity to receive your stimulus payment a bit more quickly. There is a new simple filing site with a link to a simple filing form. This will provide the IRS with the information necessary to issue your stimulus check via direct deposit. The alternative is waiting up to several months to get your stimulus payment via mail in the form of a physical check.

Who should use the simple tax filing site

Consider using the simple file site to provide direct deposit information in the following situations:

  • You have not filed a 2018 or 2019 tax return.
  • You have not yet filed a 2019 tax return.
  • You are not required to file either a 2018 or 2019 tax return. In this case, you will never receive your stimulus check unless you use this new simple filing form.

A special note for non-filing seniors

The Treasury has directed the IRS to provide payments to seniors based on Form 1099-SSA reporting as well as tax filings. This creates an added level of complexity for the IRS to figure out who to pay and who has already been paid. While they are requesting SSA-1099 recipients without 2018 and 2019 tax returns to hold off filing a simple tax return, you may still wish to do so if you need your payment more quickly. Remember, this filing also protects your Social Security number from being used by identity thieves! Just be prepared to return an extra payment should your tax filing confuse their systems and create a double payment.

Remember, it is going to take some time for the IRS to process all these payments, especially when their data is constantly shifting as people continue to file tax returns, including their new simple filing form.

Last updated: 05/19/2022

Have questions? Contact us.

Mary Lew Kehm, CPA
5179 Lincoln Avenue | Whitehall, PA 18052
www.mlkehmcpa.com | [javascript protected email address]
Phone: 610-262-0755 | Fax: 484-229-9151

© 2022 | Terms of use

Mary Lew Kehm, CPA COVID-19 Tax Resource Portal

Terms of Service

The Covid-19 Tax Resource Portal (herein after referred to as "Site") is made available as a service to our clients and others for informational purposes only. These materials and information should not be considered as, or a substitute for, accounting, tax or financial advice. While it is hoped the materials provided here are helpful as background material, it is not warranted either expressly or implied as accurate or complete. You should refrain in taking any action based upon the information provided here until you have received proper counsel.

In addition, you understand that any links to any other web site or services does not constitute endorsement of or warranty of any service, product or information provided on their site(s). These links are provided for convenience only.

While our intent is to make transmissions to and from this web site secure, it is understood that no warranty of security can be made and that unforeseen security breaches by "hackers" is a possibility, however slight.

Reproduction of part or all of the contents on this site in any form is prohibited other than for individual use only. All content on this site is copyright protected and/or trademarked as appropriate and may not be copied, duplicated or altered in any way.

In no event shall Mary Lew Kehm, CPA, its affiliates or suppliers of any content on this site be liable for any indirect, incidental, special, punitive damages or consequential damages of any kind, or any damages whatsoever arising out of or related to your use of the Site, the content and other information obtained therein.


© 2020 - 2022. All Rights Reserved.

Close window