![]() ![]() Unlike EIP1 and EIP2, families will get a payment for all their dependents claimed on a tax return, not just their qualifying children under 17. Those eligible will automatically receive an Economic Impact Payment of up to $1,400 for individuals or $2,800 for married couples, plus $1,400 for each dependent. ![]() How much is the third Economic Impact Payment? ![]() Here are answers to some common questions about this set of stimulus payments, which differ in some ways from the first two sets of stimulus payments in 2020, referred to as EIP1 and EIP2. Each mailing will include instructions on how to securely activate and use the EIP Card.The Internal Revenue Service, on behalf of the Treasury Department, worked to quickly begin delivery of the third round of Economic Impact Payments authorized by Congress in the American Rescue Plan Act in March 2021. The EIP Card has the Visa name on the front of the Card and the issuing bank name, MetaBank®, N.A. The EIP Card provides consumer protections including certain protections against fraud, loss and other errors.ĮIP Cards are being sent in a white envelope that prominently displays the U.S. They can also check their card balance online, through a mobile app or by phone without incurring fees. They can get cash from domestic in-network ATMs, transfer funds to a personal bank account and obtain a replacement EIP Card if needed without incurring any fees. EIP Card recipients can make purchases online or in stores anywhere Visa® Debit Cards are accepted. ![]() More information about these cards is available at .ĮIP Cards are safe, convenient and secure. Some people who received a paper check last time might receive a prepaid debit card this time, and some people who received a prepaid debit card last time may receive a paper check. Taxpayers should note that the form of payment for the second mailed EIP may be different than the first mailed EIP. The IRS does not determine who receives a prepaid debit card. The prepaid debit card, called the Economic Impact Payment card, is sponsored by the Bureau of the Fiscal Service and is issued by Treasury's financial agent, MetaBank®, N.A. IRS and Treasury urge eligible people who don't receive a direct deposit to watch their mail carefully during this period. To speed delivery of the payments to reach as many people as soon as possible the Treasury's Bureau of Fiscal Service is sending payments out by prepaid debit card. If Get My Payment on IRS.gov shows a date that your payment was mailed, watch your mail for either a paper check or debit card. These EIP Cards follow the millions of payments already made by direct deposit and the ongoing mailing of paper checks that are delivering the second round of Economic Impact Payments as rapidly as possible. WASHINGTON - Starting this week, the Treasury Department and the Internal Revenue Service are sending approximately 8 million second Economic Impact Payments (EIPs) by prepaid debit card. See IRS Statement - Update on Economic Impact Payments for additional information. ![]()
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