Many taxpayers have already received their Economic Impact Payment, the stimulus aimed at helping those affected by the Covid-19 outbreak. But many others are puzzled to get the message “Status Not Available” when they check their payment on the IRS’ Get My Payment online tool.
Why does this happen? The answer depends on your eligibility for the Payment and whether or not you’re required to file a tax return.
Users Who Are Required to File a Tax Return
If you are eligible for an Economic Impact Payment and filed your 2019 return, you get the “Status Not Available” message because the IRS hasn’t processed your return yet, or because the application doesn’t have your data for some other reason.
This may be solved soon, because the Get My Payment website is updated daily, usually overnight. Therefore, the IRS encourages users to check the website just once a day to avoid slowing down service and allowing other users to check the status of their payments as well.
Users Who Don’t Usually File a Tax Refund
If you receive Supplemental Security Income (SSI), Social Security (SSA) benefits or Veterans Affairs (VA) benefits, the IRS may not have your information yet, but they’re working with those agencies to upload your details to the platform.
On the other hand, if you used the Non-Filers: Enter Payment Info Here feature on the IRS website, then the IRS hasn’t processed your entry yet.
Users Not Eligible for an Economic Impact Payment
Users who are not eligible for an Economic Impact Payment also get the “Status Not Available” message. People who qualify for an Economic Impact Payment have an Adjusted Gross Income (AGI) up to:
- $75,000 for individuals
- $112,500 for head of household filers and
- $150,000 for married couples filing joint returns
If your AGI exceeds these limits, you can still get a reduced Economic Impact Payment if your AGI is between these rages:
- $75,000 and $99,000 if your filing status was single or married filing separately
- 112,500 and $136,500 for head of household
- $150,000 and $198,000 if your filing status was married filing jointly
It’s important to stay up to date about all the initiatives that could help you navigate the current circumstances. Our friendly and knowledgeable experts at The JCC will help you so you can take advantage of all the relief initiatives you are eligible for.
We have the experience, the knowledge and the drive to assist you. With our advice, you can file your taxes with the peace of mind that comes with knowing that you are limiting your liability while staying compliant with federal and state tax regulations.
Contact us by email, telephone or through our social media accounts on Facebook and Twitter to learn more about our services.