Economic Stimulus for Citizens
As part of the Coronavirus Aid, Relief, and Economy Security Act of 2020 (CARES Act), the United States Department of Treasury will begin issuing funds known as Recovery Rebates or as Economic Impact Payments (EIPs) to most Americans beginning April 10, 2020. Participants may be eligible for a payment of up to $1,200 for individuals and $2,400 for married couples filing jointly, in addition to $500 per qualifying child. If you currently receive assistance in the form of Temporary Assistance for Needy Families (TANF), Supplemental Nutrition Assistance Program (SNAP), or Medical Assistance, this one-time issuance will not affect your benefit amount.
If you file taxes and receive your tax refunds via direct deposit, your EIP will automatically be deposited into your account and there is nothing further you need to do. If you file taxes and receive your tax refund via check or if you do not file taxes at all you may need to provide information to the IRS by May 5, 2020 to claim your EIP.