We want to provide the latest information from the Internal Revenue Service (IRS) regarding Economic Impact Payments. Here are a few important points:

  • Visit IRS.gov for the most current information on the third round of Economic Impact Payments rather than calling the agency, financial institutions or tax software providers.
  • Direct deposit payments may take several days to post to individual accounts. Some Americans may see the direct deposit payments as pending or as provisional payments in their accounts before the effective date of March 17, 2021, which is the official date funds are available.
  • The "Get My Payment" portal will show payment status information, updated each week as payments are released. Anyone whose payment is not yet released will receive a "Status not available" message.
  • The IRS emphasizes that there is no action required by eligible individuals to receive this payment. Payments are automatic; there is no need to contact financial institutions or the IRS with payment timing questions.

Read the Full Article