Updated May 11, 2020
As you have heard by now, the federal government is providing consumers with stimulus checks. If a consumer does not have a bank or credit union account, their stimulus check may be delayed for several weeks or months in the mail.
There is some good news. With the help of the Federal Deposit Insurance Corporation (FDIC), the United Way of Florida has a list of banks that will open accounts, on-line. From there, consumers can provide their account information to the IRS for direct deposit which will provide their stimulus check faster than the mail. Here are the steps:
- Open a bank account online. FDIC's BankFind tool allows you to locate FDIC-insured banking institutions in your area. The list of banks in offering the opportunity to open an account online is located here. Instructions on how to open an account are available here.
- Once an account is opened, the bank will provide a routing number and an account number. Consumers can submit that information through the IRS portal to receive their economic impact payment if they are eligible. More information is available on the IRS’s website, including these Frequently Asked Questions.
The IRS said you have until May 13 at noon to set up direct deposit so your stimulus payment goes into your bank account. After the Wednesday deadline, the IRS will begin preparing the final rounds of paper checks.
Finally, here’s the FDIC’s new webpage launched last week dedicated to helping consumers get the information they need to receive your stimulus check electronically.
Updated April 17, 2020
Updated April 15, 2020
Economic Impact Payments
Filers: Get Your Payment
Updated April 10, 2020
The Treasury Department and the Internal Revenue Service today launched a new web tool allowing quick registration for Economic Impact Payments for those who don’t normally file a tax return.
The non-filer tool provides a free and easy option designed for people who don’t have a return filing obligation, including those with too little income to file. The feature is available only on IRS.gov, and users should look for Non-filers: Enter Payment Info Here to take them directly to the tool. Click here to go directly to the form.
The IRS reminds taxpayers that Economic Impact Payments will be distributed automatically to most people starting next week. Eligible taxpayers who filed tax returns for 2019 or 2018 will receive the payments automatically. Automatic payments will also go in the near future to those receiving Social Security retirement or disability benefits and Railroad Retirement benefits.
Updated April 9, 2020
We regret to inform you that we have suspended all of our VITA free tax preparation appointments until further notice. With the uncertainty of the COVID -19 VIRUS we are constantly updating and taking precautions for the safety of our community and volunteers.
- We encourage you to do your taxes for free online at myfreetaxes.com or the IRS-certified free file site.
- The tax filing deadline has been delayed until July 15, 2020, although the IRS is encouraging anyone anticipating a refund to file now.
- If you owe money on your taxes, payments are being deferred until July 15, 2020 as well. For more information, please visit irs.gov/coronavirus.
- Economic Impact Payments - The vast majority of people do not need to take any action. The IRS will calculate and automatically send the economic impact payments to those eligible. Coronavirus Tax Relief and Economic Impact Payments