Economic Impact Payments
Due to the COVID-19 (Coronavirus) pandemic, the federal government is issuing Economic Impact Payments (EIP) of up to $1,200 per qualifying individuals. Many people are calling them “stimulus checks” or “stimulus payments.”

Who will receive a EIP check?

Adults whose adjusted gross income is less than $75,000/year (or couples who file together whose adjusted gross income is less than $150,000) will get $1,400 for each adult, plus $1,400 for each dependent — no matter how old they are. This applies to heads of households who make less than $112,500, as well.

How long does it take for EIP check?

Which days are stimulus/EIP payments made and when will they be in my bank account? The above table shows the date payments are issued by the IRS. It generally takes 2 to 5 business days after the start/issue date for the payment to hit your bank account (and 1 to 2 weeks for checks or debit cards).

How do I get my second stimulus check?

Visit IRS.gov and use the Get My Payment tool (which is up and running but may be slow due to high demand) to find out the status of your stimulus payment. The tool will show if a payment has been issued and whether the payment was sent by direct deposit or mail.

How does the IRS EIP check look like?

Both paper checks and EIP Cards will come in a white envelope featuring the seal of the U.S. Department of the Treasury—so keep an eye out. Finally, the IRS notes that future rounds of Economic Impact Payments should go out on a weekly basis from here on out.

Where does an EIP card come in the mail?

EIP cards arrive in a white envelope with a seal from the Department of the Treasury. Inside is a Visa card with the issuing bank listed as MetaBank, N.A. — that information is displayed on the back. There will be literature included with the card that explains it’s your Economic Impact Payment.

How to deposit a stimulus EIP check in the US?

If you have a US bank account, you should be able to use a mobile deposit app to deposit the check. If your mobile deposit app doesn’t work where you live, try using a VPN to access the app from a US server.

What should I do to return an economic impact payment ( EIP )?

Write on the check/money order made payable to “U.S. Treasury” and write 2020EIP, and the taxpayer identification number (social security number, or individual taxpayer identification number) of the recipient of the check. Include a brief explanation of the reason for returning the EIP.