What to Know About Coronavirus Relief Payments
April 13, 2020
If you’re anticipating an economic impact payment as part of the federal government’s Coronavirus response, here are a few things you should know:
- Funds will be sent to you based on information in your 2018 and/or 2019 tax filing.
- If you provided your account information in your tax filing, you don’t need to do anything to receive your money. Your funds will be sent via direct deposit.
- If you did not provide your account information in your tax filing, visit irs.gov/coronavirus to set up direct deposit of your money. (If you don’t set up direct deposit, you will likely be sent a paper check through the mail.) There are 2 types of people who will need to be submitting additional information to the IRS to get direct deposit payments:
- People who have filed taxes with the IRS, and have not received a refund electronically before; and (Taxpayers)
- People who don’t file taxes at all. (non-filers)
Information for Social Security Recipients
Social Security and Railroad Retirement recipients who are not typically required to file a tax return need to take no action. The IRS will use the information on the Form SSA-1099 and Form RRB-1099 to generate Economic Impact Payments of $1,200 to these individuals even if they did not file tax returns in 2018 or 2019. Social Security Disability Insurance (SSDI) recipients are also part of this group who don’t need to take action. For Social Security, Railroad retirees and SSDI who have qualifying children, they can take an additional step to receive $500 per qualifying child.
Information for Direct Deposit
If you need to set up direct deposit at irs.gov/coronavirus, you will need:
- Your Unison Credit Union Account Number
- Unison Credit Union Routing Number: 2759-7821-3
You might also need:
- Adjusted Gross Income from your most recent tax return submitted, either 2019 or 2018
- The refund or amount owed from your latest filed tax return
- Full name, current mailing address and an email address
- Date of birth and valid Social Security number
- Identity Protection Personal Identification Number (IP PIN) you received from the IRS earlier this year, if you have one
- Driver’s license or state-issued ID, if you have one
- For each qualifying child: name, Social Security number or Adoption Taxpayer Identification Number and their relationship to you or your spouse
The IRS is launching a new App soon where you can add Direct Deposit information:
- The App is called “Get My Payment.”
- The App is free. It does not require a download from an App store.
- The App will display on any desktop, tablet or phone
Anticipated Timeline
Most people will see the payments automatically appear in your account on file with the IRS or the Social Security Administration, if they use direct deposit currently, or used it on their 2018 or 2019 tax return.
Beware of Scams
Fraudsters will try to cash in on your money. Don’t let them! If anyone tells you they can access your payment for you faster, they are a scam – no one can do that.
- Communicate only with the IRS at irs.gov/coronavirus.
- Be suspicious of anyone who calls, emails or texts you about your relief check.
- Never give out your account details or personal information to strangers.
- Be on the lookout for phony emails pretending to be from the government.
For more information about the federal economic impact payments, visit irs.gov/coronavirus.
We thank you for your continued support and we will continue to be here for you and work with you to get through these challenging times. If you have any questions or concerns, or if you need assistance with upcoming payments, please reach out to us at 920-766-6000 or click here to email a member advisor.
You can always check our Covid-19 Updates page for more information.
WE ARE HERE FOR YOU!