Monday, 28 December 2020

How to calculate your stimulus check amount before the IRS relaunches its website

How to calculate your stimulus check amount before the IRS relaunches its website

Overcoming the briefest of Trump temper tantrums, Congress has finally passed a new coronavirus relief bill that includes a second round of "economic impact payments." That's the name for checks or direct deposits sent out to every qualifying American to help provide some extra cash when many people are out of work and facing economic hardships thanks to coronavirus. 

Cue the better-late-than-never celebration!

How do you know if you qualify? In April, the IRS launched a surprisingly simple and useful website called the "Get My Payment" portal that let you find out the status of your check or deposit. However, that portal is "temporarily offline," according to the IRS website. With payments set to go out in early 2021, Mashable has reached out to the Treasury Department to ask when they plan to relaunch. The IRS website currently says: "The IRS continues to monitor and prepare for new legislation related to Economic Impact Payments. The IRS will make updates to the Get My Payment portal to provide updated information for taxpayers in the near future. Read more...

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