The IRS is issuing a 3rd round of Economic Impact Payments (EIP).
*Use the IRS’s Get My Payment tool to check the status of your payment now.
What you need to know:
The American Rescue Plan authorizes $1,400 Economic Impact Payments for each eligible person ($2,800 for couples), plus an additional $1,400 for each dependent. As with the other payments, these will be reduced – or eliminated – for people with incomes above certain amounts. See if you qualify here.
Direct Deposits vs Debit Cards:
If the IRS does not already have your direct deposit information, you may receive an EIP debit card. Once activated, the card can be used anywhere Visa Debit Cards are accepted, or you can transfer the funds from an EIP Card to your Columbia CU account at no cost online.
Learn how to transfer your EIP Card balance to your bank account here.
Read about pandemic scams related to Economic Impact Payments and more here.