Economic Impact Payments
Under the Coronavirus Response and Relief Supplemental Appropriations Act of 2021, eligible individuals and families will receive a second round of Economic Impact Payments (stimulus payments) by direct deposit or mail. The second payments are up to $600 for single filers and $1,200 for married couples filing jointly plus an additional $600 for each dependent child under age 17. No action is required by most eligible recipients. You can check your stimulus payment status via IRS at irs.gov/eip
If you did not receive a first or second stimulus payment and think you may be eligible, or did not receive the full payment amount, you may be eligible to obtain a stimulus payment by claiming the Recovery Rebate Credit
when you file your 2020 federal tax return. You can learn about NYC Free Tax Prep
services to file your taxes and receive a stimulus payment(s) for free.
If you received your Economic Impact Payment (stimulus payment) in paper form and do NOT have a bank or credit union account, you can avoid check cashing fees by opening an account
. Note that some banks are temporarily offering to cash stimulus checks for free for non-account holders. Please check with your local bank or credit union to learn if this is available.
NYC Financial Empowerment Centers
You can get free financial counseling by phone. Visit nyc.gov/TalkMoney
to book an appointment. Work with your counselor to open a bank account so you can set up direct deposit; navigate the IRS Get My Payment tool; manage sudden changes to your household budget or income; contact creditors, and more.
NYC Free Tax Prep
If you are not required to file taxes, NYC Free Tax Prep preparers can guide you on how to make sure you get your stimulus payment. To be eligible, you must earn less than $68,000 (families) or $48,000 (single filer). Visit nyc.gov/taxprep
to learn more.
The IRS won’t issue you a bogus check, in an odd amount, then tell you to call a number or verify information online in order to cash it. Watch out for that common scam tactic and others. Visit IRS.gov/coronavirus
. Click Tax Scams/Consumer Alerts.