Information about the Economic Impact Payment (Stimulus Checks)
Have questions about the Economic Impact Payment (Stimulus Checks)? Please visit irs.gov as your first resource for questions. We will also be adding any information that we receive on this page.
The IRS has launched a “Get My Payment” link so you can check your payment status, https://www.irs.gov/coronavirus/get-my-payment.
Economic Impact Payment/ Stimulus Checks FAQs:
We are unable to specify exactly when members can expect their Economic Impact Payment as they are being sent periodically by the IRS. Rest assured, we intend to post payments as soon as we receive them from the IRS. The IRS has launched a “Get My Payment” link so you can check your payment status and payment method. The “Get My Payment” link will be available early January. You will be able to find that link from their page, https://www.irs.gov/coronavirus/get-my-payment.
According to the irs.gov, you can use their ‘Get My Payment’ link and include your AMOCO information to have the check direct deposited instead of waiting for a mailed check.
AMOCO’s Routing Number: 313189391
Account Number: If you are unsure of your Account Number, you can call us at 409.948.8541 or 800.231.6053. Please use your complete ten-digit number.
You will receive your payment in the same manner as your 2019 return (or 2018, if you haven’t filed your 2019 return yet). If you do not receive a return or file income taxes, you may be able to update your information here: https://www.irs.gov/coronavirus/economic-impact-payments.
According to irs.gov,
Eligible individuals with adjusted gross income up to $75,000 for single filers, $112,500 for head of household filers, and $150,000 for married filing jointly are eligible for the full $600 for individuals and $2,400 married filing jointly. Additionally, you will be eligible for an additional $500 per qualifying child.
For filers with income above those amounts, the payment amount is reduced by $5 for each $100 above the $75,000/$112,500/$150,000 thresholds. Single filers with income exceeding $99,000, $136,500 for head of household filers and $198,000 for joint filers with no children are not eligible and will not receive payments.
For additional questions, please visit: https://www.irs.gov/coronavirus/economic-impact-payment-information-center.
If you have questions regarding the Paycheck Protection Program or the Economic Injury Disaster Loan, please visit https://www.sba.gov/funding-programs/loans/coronavirus-relief-options or discuss these options with a local community banker who handles business loans. AMOCO FCU is not a participant in the PPP or EIDL programs as we are not a business lender.
If your question hasn’t been answered, please visit the irs.gov website, as they will have more information and resources regarding the Economic Impact Payments.