- On Saturday, TurboTax debuted an online portal where low-income Americans who don't file a tax return can send their information to the IRS to get their stimulus payment as soon as possible.
- Non-filers can provide their direct-deposit details or mailing address and choose how they want to receive their stimulus check.
- The IRS is expected to begin sending direct-deposit payments to many Americans as early as April 9.
- Paper checks will be mailed after that, beginning around April 24.
- See Business Insider's picks for the best tax software
The tax preparation company now has a "stimulus registration" webpage where low-income Americans can submit their current direct-deposit information or mailing address to receive their stimulus payment. The product is free to use and includes a stimulus payment calculator to find out exactly how much you're getting.
"There are as many as 10 million Americans who are not required to file a tax return ," the company said in a press release. "Because the IRS will use the federal tax return to determine and send individual stimulus payments, these individuals are at risk of not receiving their stimulus payment. Users simply answer a few questions and then choose to receive their payment via direct deposit or check."
Social Security recipients and railroad retirees who haven't filed a tax return in the last two years will be getting stimulus payments automatically sent to the address or bank account where they currently receive their benefits. Payments for everyone else will be based on the adjusted gross income (AGI) reported on their latest tax return, either 2018 or 2019.
On the IRS economic impact payment FAQs page initially published on March 30, the agency said it was working to "develop a web-based portal" to enable quicker payments for low-income Americans. A PR representative for TurboTax confirmed to Business Insider that its stimulus registration web page is not the same thing.
Stimulus payments will be deposited as early as April 9
The IRS plans to begin generating electronic payments for Americans who qualify and have direct-deposit information on file on April 9, according to an internal document reviewed by the Washington Post .
Those who qualify but haven't provided the IRS with bank information through a tax return, TurboTax's online portal, or Social Security or railroad retirement benefits tax form will begin receiving paper checks beginning April 24.
You must have a Social Security number and fall below the income threshold to qualify for a stimulus payment. Nonresident aliens, people without a Social Security number, and adult dependents are not eligible for stimulus payments.
In order to get a stimulus payment you need to have an AGI below $99,000 if you're a single filer, $136,500 if you file as head of household, or $198,000 if you're married and file jointly.
- Read more on managing your money in this tumultuous time:
- 3 options for people struggling to pay their mortgage during the global health crisis
- 4 reasons to get disability insurance, even if you don't think you need it
- If you've been financially impacted by the coronavirus, you may be able to pause payments on these 8 bills
- How to get a stimulus check from the US government, which could pay up to $1,200 if you qualify
- In response to the coronavirus, credit card issuers like Amex and Capital One are letting customers skip payments without interest and more