IRS Stimulus Payments

The Federal Government passed a third COVID relief stimulus package in early March. A third stimulus payment is available for many Truliant members. Many payments posted on Wednesday, March 17th, 2021, however, the IRS continues to experience delays.

For members whose payment is sent to an account that is now closed, we are required by IRS regulations to return that payment to the IRS. We are not able to change the payment to a different Truliant account. The next step for returned payments will be for the IRS to send paper checks to the address on file for each taxpayer.

Who qualifies?

If you file your tax return separately or as single:

• Individuals with income up to $75,000 on their most recent tax return will receive the full $1,400.
• Individuals with income above $75,000 but no higher than $80,000 on their most recent tax return will receive a reduced amount.
• Individuals with income above $80,000 on their most recent tax return will not receive an Economic Impact Payment.

If you file your tax return as head of household:

• Head of household filers with income up to $112,500 will receive the full $1,400.
• Head of household filers with income above $112,500 and up to $120,000 will receive a reduced amount.
• Head of household filers with income above $120,000 will not receive an Economic Impact Payment.

If you file a joint tax return:

• Those with joint income up to $150,000 on their most recent tax return will receive the full $2,800.
• Those with joint income above $150,000 but no higher than $160,000 on their most recent tax return will receive a reduced amount.
• Those with joint income above $160,000 on their most recent tax return will not receive an Economic Impact Payment.

Families who fall into the income categories above will also receive $1,400 per eligible dependent. For this round, there is no age restriction on eligible dependents, so college students up to age 23 may qualify, as well as elderly parents living with you.

When will the funds be added to my account?

For many taxpayers who have direct deposit information on file with the IRS, deposits were made on March 17th, 2021. Others may experience delays and will receive paper checks by mail.

What if I have other questions?

1. Visit irs.gov/coronavirus/economic-impact-payments for more information.
2. Read answers to the Frequently Asked Questions we have provided below.
3. Please remember that the staff in our branches and call center will not be able to answer questions about the stimulus payments.