The third round of economic impact payments (EIPs) will begin reaching Americans over the next week, and direct deposit payments began to arrive over the past weekend.

The IRS has stated it would update its Get My Payment tool for consumers to check the status of their EIPs starting today. Individuals who have not filed a 2019 or 2020 tax return will be eligible to claim their EIPs on a newly filed tax return. The Get My Payment portal will only provide status updates for those who filed in 2019 or 2020 with direct deposit. You can access the Get My Payment portal here.

The IRS issued FAQs for consumers that cover EIP amounts, eligibility, and payment status. You can access the EIP FAQs here.

CCI will keep you updated with any additional information released.

Sincerely,

Sarah Smith, CRCM, CAFP