Many Americans are eligible for Economic Impact Payments (EIPs) as part of coronavirus tax relief efforts.
On Friday, April 10, the Internal Revenue Service issued 75 million economic impact payments by direct deposit to qualified Americans with the funds to be available in accounts on April 15. Additional electronic payments will be released throughout April.
These payments are based on 2018 and 2019 tax filings. Individuals who did not file for electronic returns for 2018 or 2019 filings will not receive direct deposit payments via ACH. Instead, these qualified individuals will receive payment by check in the mail in the coming weeks. To learn more about the Economic Impact Payments download the pdf below.