Cynthia A. Wilkinson, CPA

The IRS opened its direct deposit portal on its website this morning. By clicking on the "Get My Payment" button at www.irs.gov/coronavirus/economic-impact-payments, taxpayers can:

• Enter their bank account information if they hadn't previously requested direct deposit on a return, or if they want to update their information
• Confirm the payment type: direct deposit or check
• Check their payment status

Taxpayers wanting to add their bank account information to speed up the receipt of their payment must provide all of the following information:

• Their AGI from their most recent tax return submitted, either 2019 or 2018
• The refund or amount owed from their latest filed tax return
• Bank account type, account and routing numbers.

Note: It appears that if a taxpayer does not qualify for a payment due to income level, after entering the requested information a message stating "Payment Status Not Available" and a link to information on eligibility rules will be displayed.