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As part of the CARES Act, the Federal Government has begun providing Economic Impact Payments (Stimulus Payments) directly to eligible Americans to assist during the COVID-19 public health crisis.
For most taxpayers, payments are automatic and no further action is needed. This includes taxpayers who filed tax returns in 2018 or 2019, and most seniors and retirees. To learn more about eligibility, visit IRS.gov/coronavirus.
Taxpayers will receive a reduced payment if their adjusted gross income is between:
You may be eligible to receive a payment if you:
To learn more about eligibility visit: IRS.gov/coronavirus/get-my-payment-frequently-asked-questions
No additional action is needed by taxpayers who:
For questions surrounding eligibility and actions to receive a payment, visit IRS.gov/coronavirus.
Your bank account and deposit information for your Economic Impact Payment is usually captured from:
Unfortunately, Umpqua Bank Associates do not have additional details on the status of your Economic Impact Payment. Visit IRS.gov/coronavirus to learn more.
As this is an IRS program, Umpqua Bank has no way of knowing when customers will receive their payments. For more information on your payment status, visit irs.gov/coronavirus/get-my-payment.
You can check the status of your payment if eligible on the IRS website. This site is updated daily and is your best resource on payment specific questions.
The IRS urges taxpayers to be on the lookout for scam artists trying to use the economic impact payments as cover for schemes to steal personal information and money. Remember, the IRS will not call, text, email or contact you on social media asking for personal or bank account information. Also, watch out for emails with attachments or links claiming to have special information about economic impact payments or refunds.