Economic Impact Payment
The third round of Economic Impact Payments (also known as stimulus payments) are coming soon! Here are some resources to help you figure out what this means for you. For information about this important topic, including where to go to find out if you qualify, read the Frequently Asked Questions below.
WHAT ARE ECONOMIC IMPACT PAYMENTS?
Economic Impact Payments (EIP) are also known as “stimulus” funds. In March 2021, Congress passed and the President signed legislation that authorized the IRS to begin issuing a third round of Economic Impact Payments to eligible individuals as part of the American Rescue Plan Act of 2021.
AM I ELIGIBLE FOR AN ECONOMIC IMPACT PAYMENT?
For information on eligibility details, please visit IRS.gov
HOW WILL I RECEIVE MY PAYMENTS IF I QUALIFY?
According to the IRS, they’ll use their data from the second round of Economic Impact Payments to send the new payments. That means taxpayers with current direct deposit info on file will receive the payment via direct deposit, and those without current direct deposit info on file will receive the payment via a check or debit card in the mail.
If a debit card was recieved via mail, you can access cash by visiting an ATM. First State Bank of Wyoming no longer provides cash advance options via a teller.
WHERE CAN I CHECK THE STATUS OF MY PAYMENT?