Third Economic Impact Payments
The U.S. Treasury and IRS has started delivering the third round of Economic Impact Payments to Millions of Americans.
The IRS has begun distributing 2021 Economic Impact Payments and SAFE is again accelerating deposits as they arrive. Initial direct deposit payments may post up to a full day early. If you are eligible for a payment, be sure to check your account regularly to see if the funds are available. Immediate information on your account is available through online banking and through SAFE’s mobile app.
Keep in mind, SAFE does not have information on whether you will be receiving a payment and payments may take place over a period of days or weeks. Visit the IRS website for the most current information on the new Economic Impact Payments and how you may be affected.
SAFE has answered some of your most commonly asked questions regarding the new legislation and direct payments below.
Stimulus Payment FAQs
- If you have a Social Security number- If you are married to someone who does not have a SSN, and you file your taxes jointly, you're still eligible for payment.
- If you filed taxes in 2019 or 2020- the most recent tax return must show an adjusted gross income (AGI) BELOW $75,000 for single filers, $112,000 for heads of household, or $150,000 for married or joint filers to get the full $1,400 payment.
- If you did not file taxes- because your income was too low, you get the maximum payment of $1,400 per adult and any dependents.
- If you receive federal benefits- like Social Security retirement or disability, Supplemental Security Income, or Veterans Affairs benefits, the IRS will use this information to determine the amount and delivery method of your payment.
Initial direct deposit payments began posting as early as March 16. If you are eligible for a payment, be sure to check your account regularly to see if the funds are available. Immediate information on your account is available through online banking and through SAFE’s mobile app. Keep in mind, SAFE does not have information on whether you will be receiving a payment and payments may take place over a period of days or weeks.For the latest information, consult the official IRS link:
The IRS and Treasury have issued all first and second Economic Impact Payments. If you didn’t get any Economic Impact Payments or got less than the full amounts, you may qualify for the Recovery Rebate Credit and must file a 2020 tax return to claim the credit even if you don’t normally file.