May 5, 2020

2020 – 05/04

Still waiting? If you’re eligible for an Economic Impact Payment as part of the Coronavirus Aid, Relief and Economic Act and you haven’t received it, you may have tried to track it using the IRS “Get My Payment” tool. If you got a “Status Not Available” message, it may be that the IRS doesn’t have your current bank information. Have you changed your bank account since filing your taxes? The IRS says the web tool can’t be used to add or change this information, as this poses a significant fraud risk. If the IRS sends a check to a closed or invalid account, the IRS says a deposit will be rejected, and a paper check will be mailed. Here’s more: