Congress recently passed a new COVID-19 relief package, which will provide at least $1.7 billion in new federal funding to help Hawai’i families and local businesses.
For the most up to date information, please visit Senator Schatz webpage.
Who is eligible?
- Generally, if you are a U.S. citizen or resident alien, and you are not claimed as a dependent on someone else’s income tax return, you are eligible to receive a payment if you fall within the relevant income thresholds.
- If you file your taxes as an individual and your annual income is $75,000 or less, you are eligible for full payment of $600. If you earn between $75,000 and $87,000, you are eligible for a reduced payment.
- For married couples who file joint returns, you are eligible for full payment of $1,200 if your joint annual income is $150,000 or less. If you earn between $150,000 and $174,000, you are eligible for a reduced payment. These amounts will differ if you have children; see below for more details.
- If you are a single parent and file as a head of household, you are eligible for full payment if your annual income is $112,500 or less, and a reduced payment above that threshold. Your payment amount will depend on how many children you have.
- If the credit amount determined by your 2020 tax return exceeds the payment amount determined by your 2019 tax return, you will receive the difference as a refundable tax credit.
- In general, taxpayers without an eligible social security number are not eligible for the payment. However, married taxpayers filing jointly where one spouse has a Social Security Number and one spouse does not are eligible for a payment of $600, in addition to $600 per child with a Social Security Number.
Do I have to apply or register to get my payment?
Nope. Payments are automatic if you are eligible and you:
- Filed a 2019 tax return.
- Receive Social Security, survivor or disability benefits (SSDI).
- Receive Railroad Retirement benefits and Supplemental Security Income (SSI).
- Receive Veterans Affairs benefits but didn’t file a tax return.
- Successfully registered for the first payment online at IRS.gov using the Non-Filers Tool by Nov. 21, 2020.
- Submitted a simplified tax return that has been processed by the IRS.
How will I get my check?
The IRS is already sending direct deposits to people for whom they have direct deposit information on file.
- If you have direct deposit information on file with the IRS, you will receive the payment that way. If not, you will receive the payment in the mail as a check or debit card, sent to the address provided on your 2019 tax return.
- If you are eligible for a direct payment and you filed a tax return for 2019, you will receive this payment automatically.
- If you are a Social Security Old-Age, Survivors, and Disability Insurance beneficiary, Supplemental Security Income recipient, Railroad Retirement beneficiary, or Veterans Administration beneficiary, you will receive this payment automatically. If you did not file a 2019 tax return but you receive any of these benefits, you will receive the payment the same way you normally receive your benefits.
- If you applied through the non-filer portal for the first round of Economic Impact Payments and received a payment, you will receive this payment automatically.
- If you are eligible to receive a direct payment, Treasury will send notice by mail to your last known address as soon as practicable. The notice will indicate the method by which the payment was made, the amount of the payment, and a phone number for a point of contact at the IRS to report any failure to receive your payment.
- If you are eligible but you do not receive payment for any reason, you can claim the payment by filing a 2020 tax return in 2021 (it will be called the Recovery Rebate Credit on the 2020 Form 1040 or Form 1040-SR).
If you have a direct deposit, the best way to know if your stimulus check has arrived is through an automatic banking alert you set up with you log into virtual branch select self-service, then set an alert for your payment.
You can also download the KGEFCU app on the app store.
Another option is to check the IRS “Get My Payment” tool.
The IRS advises against contacting your financial institution to ask about payment timing.