As Stimulus Payments Begin to Roll-out Nationwide, We Wanted to Provide a Resource to Help You Make Sense of Them
From the amount you may expect to what – if anything – you need to do, we're here. Also visit the IRS website for regular updates.
How much will the payments be?
- The new checks will be for up to $600 per adult and $600 per child.
- Individuals with up to $75,000 in adjusted gross income will receive that full payment, as will heads of household earning up to $112,500 and married couples making up to $150,000.
- Those with earnings above these levels will receive a partial payment that drops by $5 for every $100 in income.
- If you earned much less in 2020 than in 2019, you may not receive a stimulus payment but can still claim this money in the form of a tax credit when you file.
When will I get my check?
- The first round of stimulus payments will be posting January 4, 2021, with additional payments issued regularly. That means that if you have filed your taxes electronically and provided the IRS with your direct deposit information, you may receive your payment as early as January 4.
- If the IRS doesn't have your direct deposit information, you may have to wait for a printed check or prepaid debit card. Paper checks will be issued starting January 6, 2021. Be advised that it may take up to 20 weeks for you to receive your printed check.
Please note that the IRS will be sending stimulus payments in waves and not all members will receive their payments at the same time. Aventa will post your payment to your account as soon as it becomes available.
I made changes to my Aventa account. Where will my payment go?
- If there have been any changes to your account since filing your 2019 tax return, i.e. you closed the account but opened another Aventa account, the payment will post to the account that is open. We recommend you check all your Aventa accounts to see where the payment posted.
- If you closed your Aventa account and you have no other accounts with Aventa, we are required to return those payments back to the IRS. Please visit irs.gov on how to file for a stimulus credit on your 2020 tax returns.
- For other situations, please call us at 800-555-6665.
- You can also check the status of payments online at irs.gov.