Irs Stimulus Payment Eip Card

The determination of which taxpayers receive a debit card was made by the bureau of the fiscal service another part of the treasury department that works with the irs to handle distribution of the payments.

Irs stimulus payment eip card. Covid tax tip 2020 61 may 26 2020 nearly four million people are being sent their economic impact payment by prepaid debit card instead of paper check. The treasury department and irs are once again sending millions of stimulus payments in the form of prepaid debit cards. The eip card will be sent in a white envelope from economic impact payment card and will display the u s.

Andy hall published at 5 january 2021 at 00 27 cet. The irs sent 4 million payments by prepaid debit cards or economic impact payment eip cards as the treasury department has dubbed them during the first set of stimulus payments. Department of the treasury seal.

The eip card is sponsored by the u s. Your economic impact payment card eip card contains the money you are receiving under the covid related tax relief act of 2020 or the coronavirus aid relief and economic security act cares act. First economic impact stimulus payment most eligible taxpayers have received their first economic impact payment.

The cards are going out to certain eligible taxpayers who filed tax returns but for whom the irs doesn t have bank account information. You would need to check with the financial institution to ensure your card can be re used and to obtain the routing number and account number which may be different from the card number. The irs and treasury department stopped sending out second stimulus checks on friday january 15.

Eip economic impact payment cards the debit cards are an alternative. The stimulus payment is loaded on the debit card. The agency will send out 8 million eip cards to some eligible individuals in the second wave of economic stimulus.

Enter payment info here tool. Information included with the eip card will explain that this is your economic impact payment. The irs has started distributing the second round of stimulus checks or economic impact payments although there is no similarity with the eip card.