COMMON QUESTIONS ABOUT THE STIMULUS CHECK
What do I need to do to receive a stimulus payment?
There is nothing to do if you filed a tax return for 2018 or 2019 or for Social Security and Railroad Retirement recipients who are not typically required to file a tax return. If you have not filed your 2018 or 2019 return the IRS recommends that you file back taxes for 2018. If you are someone that doesn’t normally need to file, visit the IRS Non-Filers Payment Info page.
1.
Do taxpayers on Social Security who don’t typically file a return need to file a return?
Social Security beneficiaries who are not typically required to file tax returns do not need to file an abbreviated tax return to receive an Economic Impact Payment. Instead, payments will be automatically deposited into their bank accounts.
2.
How much will I receive?
The amount you are eligible to receive is determined by your Adjusted Gross Income (AGI). The IRS will look at your 2019 return first. If you have not filed a 2019 return, the IRS will use your 2018 AGI to determine eligibility. The eligibility, amount and status of your stimulus payment can be found at IRS.gov/coronavirus. The stimulus plan indicates the following maximum amounts are available depending upon filing status and income. Qualified recipients will also receive $500 for each qualifying dependent under age 17.
3.
If you don’t file taxes, use the “Non-Filers: Enter Your Payment Info Here” application to provide simple information so you can get your payment. You should use this application if:
- You did not file a 2018 or 2019 federal income tax return because your gross income was under $12,200 ($24,400 for married couples). This includes people who had no income. Or
- You weren’t required to file a 2018 or 2019 federal income tax return for other reasons.
Do not use this application if you receive the benefits below. If you receive these benefits, we already have your information and you will receive $1,200.
- Social Security retirement, disability (SSDI), or survivor benefits
- Railroad Retirement and Survivor Benefits
Special note: People in these groups who have qualifying children under age 17 can use this application to claim the $500 payment per child.
Sources: https://www.irs.gov/coronavirus/non-filers-enter-payment-info-here
Update your bank account or mailing address
- If we don’t have your direct deposit information from your 2018 or 2019 return – and we haven’t yet sent your payment – use the Get My Payment application to let us know where to send your direct deposit.
- 2019 Filers: We will send your payment using the information you provided with your 2019 tax return. You will not be able to change it.
- 2018 Filers: If you need to change your account information or mailing address, file your 2019 taxes electronically as soon as possible. That is the only way to let us know your new information.
Note: We are not currently able to process individual paper tax returns due to the COVID-19 outbreak.
Sources: https://www.irs.gov/coronavirus/economic-impact-payments
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Contact Us
Phone: 713-678-0040
Fax: 832-900-8902
Email: shermantaxfinancials@gmail.com
Address: 2626 South Loop West Suite 650-G Houston, Texas 77054
Hours of Operations
Monday – Friday: 9 AM – 5 PM CST
Saturday: By appointment only
Sunday: Closed