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Are you waiting for your coronavirus relief payment from the government? Even if you're expecting payments soon, you might still wonder how you'll receive your funds—especially if you don’t usually file taxes, and even more so if you have children under 17 at home. If you're responsible for a child aged 16 or younger, the $500 payment per child could help ease the costs of caring for them during these uncertain times.
If you receive Social Security benefits, such as Social Security Disability Insurance (SSDI), you don’t need to take any action to receive your $1,200 payment; the IRS will directly verify your benefit status with Social Security to ensure your payment is processed automatically.
For those with eligible children at home, the IRS has confirmed that you'll qualify for the $500 per child payment. However, it hasn't yet clarified the steps you'll need to follow to inform the IRS that you're a guardian and entitled to the extra relief funds.
It can be frustrating not knowing what actions to take or when to take them. The best way to stay informed once new information becomes available is by visiting the IRS economic impact payment information center. Currently, the page features several drop-down menus with helpful details and answers to frequently asked questions. Scroll down to the bottom of the page to find the last updated date, which will let you know when additional instructions might be posted.
The IRS will also send a letter within 15 days after issuing your payment. This letter will include instructions on what to do if you haven’t received your payment or if there’s an issue with your funds.
I'll continue to update this post as soon as the IRS releases more details on how to submit your information, so be sure to check back for the latest updates.
