To help families impacted by COVID-19, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) provides direct cash payments to Ohioans.
The CARES act is providing help to support individuals and businesses affected by the COVID-19 Pandemic. One way it helps is through direct payments to certain individuals and families.
How much will your payment be?
The amount of the payment depends on your income.
Most individuals earning $75,000 or less will receive a payment of $1,200. Married couples who file taxes jointly and earn $150,000 or less will receive a payment of $2,400. Families are eligible to receive an additional $500 per child. For example a family of four could receive $3,400.
Individuals and married couples that make more than the amounts above may still be eligible for a payment. You can check on the amount of your stimulus payment and when the IRS will deposit your money using the "Get My Payment" tool. Depending on the timing of your payment, if you'd like to receive your payment as a direct deposit, but the IRS does not have your bank account information on file, you can use the "Get My Payment" tool to add your bank account information.
How will the IRS know where to send your check?
The Internal Revenue Service (IRS) will be issuing the stimulus payments (via direct deposit or check) based upon either your 2019 or 2018 tax return.
If you did file taxes for 2018 or 2019 and need to update or provide your bank account information for direct deposit, you can use the IRS's "Get My Payment" tool to get your payment faster.
What if you don't file taxes?
Social security recipients, RRB recipients and VA benefit recipients who do not typically file a tax return will not need to file a tax return to receive their payment. The IRS will determine your payment amount and your stimulus payment will be automatically deposited into your bank account. However, if you want to claim the additional $500 per child, you should use the IRS's "Non-Filers: Enter Your Payment Info Here" application to get your additional payment.
If you receive social security retirement, SSDI or RRB and have a dependent child under the age of 17, you should use the non-filer tool by noon ET on Wednesday, April 22 to add your child's information to get the additional $500 per child.
If you receive SSI or VA benefits and have a dependent child under the age of 17, you should use the non-filer tool by Tuesday, May 5 to add your child's information to get the additional $500 per child.
If you fall into either of these groups and do not submit your child's information in time, you will be able to claim the $500 by filing taxes for the 2020 tax year.
Also, individuals who do not typically file a tax return can use the IRS's application to receive their payment.
Can your stimulus check be garnished?
In most cases, no. Most individuals and families should receive a stimulus payment, even if you owe back taxes or other debts to the government. Ohio law also protects your stimulus check from being garnished by creditors and private debt collectors.
However, if you owe back child support, the CARES Act allows a reduction or offset to your stimulus payment for back child support.
Watch out for scams
Scammers will try to take advantage of people waiting on their stimulus checks. These tips can help you protect yourself:
- Don't give out your personal information to "sign up" for payment. Only certain people--like those receiving social security or RRB and have dependent children, or people who don't file taxes--need to do anything to receive their payment. In those cases, that information should only be given directly to the IRS through their online tools.
- No one has early access to this money. The IRS is working through sending out the payments in groups. Starting with direct deposits in April, and then paper checks starting in May. Paper checks will be mailed in batches, with the final batch checks going out in September. What out for scammers claiming that they can get you your payment faster.