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News: Free Tools To Help Non-Filers Register For Economic Impact Payments - Credit-Land.com

The Treasury Department and the Internal Revenue Service launched a new web tool that allows non-filers to register for Economic Impact Payments.

Automatic Economic Impact Payments have begun this week. Eligible taxpayers, who filed tax returns for 2019 or 2018, including people receiving Social Security retirement, survivors, disability (SDDI), or survivor benefits and Railroad Retirement benefits, will receive the payments automatically.

Those who do not normally file a tax return or didn't have a tax liability in 2018 or 2019, veterans beneficiaries and Supplemental Security Income (SSI) recipients should use the new online tool if they want to get paid as soon as possible.

"People who don't have a return filing obligation can use this tool to give us basic information so they can receive their Economic Impact Payments as soon as possible," said IRS Commissioner Chuck Rettig. "The IRS and Free File Alliance have been working around the clock to deliver this new tool to help people."

However, not only the IRS worked to provide an opportunity to register to get the payment faster. TurboTax also launched a Stimulus Registration product. The TurboTax Stimulus Registration product is a free tool that allows non-filers to provide the IRS with the information needed to calculate and send the stimulus payment.

"There are as many as 10 million Americans who are not required to file a tax return," the company said. "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."

Both tools are designed for people who do not have a return filing obligation and those with too little income to file so that they could easily receive their Economic Impact Payments. When you use either of the tools, you will need to provide basic information including Social Security number (SSN), name, address, and dependents. The IRS also encourages non-filers to provide bank or financial account information to get your payment deposited directly into your account faster. Otherwise, your payment will be mailed to you, which will take more time.

tags : Payments Covid Taxes

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