$1,200+ in Economic Impact Payments: Track Your Status with the IRS

track your Economic Impact Payment and tax refund, check your eligibility and payment status via the IRS’s ‘Recovery Rebate Credit’ page and use the ‘Where’s My Refund?’ tool for updates.

Tracking Your Economic Impact Payment

If you’re curious about receiving a new Economic Impact Payment (EIP) and how to track it here’s what you need to know. EIPs were distributed in three rounds during the COVID-19 pandemic with individual payments going up to $1,200. If you believe you might be missing a payment, you should verify your eligibility and monitor your payment status. Since the IRS’s ‘Get My Payment’ tool is no longer active and you can check for any missed payments from 2020 or 2021 using the IRS’s ‘Recovery Rebate Credit’ page via your tax returns, according to the report of Marca.

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(photo: Forbes)

Get Updates on Your Tax Refund

To track your payment, log into your online account and visit the IRS’s pages dedicated to Economic Impact Payments and tax refunds. If you filed your tax return electronically use the ‘Where’s My Refund?’ tool to see your refund status, which is typically updated within 48 hours. For those who filed an amended return or sent it by mail processing may take up to 16 weeks.

Refunds can be issued in various ways: direct deposit, paper check, prepaid debit card or mobile payment apps. The IRS estimates up to 21 days for processing e-filed returns and possibly longer for paper returns or those needing additional review. For the most up-to-date information, visit the IRS website or reach out to them directly if you have questions about your payment or refund.

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