As part of the $2 trillion CARES Act, millions of Americans will start receiving their stimulus payouts on prepaid debit cards. A news release from the Treasury Department describes the new approach as the Economic Impact Payment Card, which is a new means to distribute the stimulus monies allotted by the CARES Act to Americans. The IRS stated that the full $1,200 will be given to married couples filing jointly if their combined income is $150,000 or less.
A portion will be withheld from those who earn over $150,000 up to $174,000. Additionally, for each eligible dependent under the age of 17, the government of USA will pay an extra $600. That implies that a married couple with three child might get as much as $3,000. You will get to know updated on IRS Stimulus Debit Card February 2024 and i will update you on IRS Stimulus Debit Card February 2024.
IRS Stimulus Debit Card 2024
Lawmakers ultimately agreed on a $900 coronavirus relief package to replace the CARES Act that was passed, following months of unsuccessful deliberations. A new round of USD 600 direct stimulus payments and increased unemployment benefits are among the elements included in it. Additionally, rental help is provided.
Much like with the first round, the majority of recipients whose bank account information is on file with the IRS will get their funds by direct deposit. Some, meanwhile, such as those whose bank account information is not on file, will have to wait for a debit card or for a real check to come in the mail.
Stimulus debit cards and scammers
The Internal Revenue Service (IRS) has advised that it would not be contacting consumers regarding the stimulus debit card. Scammers are constantly trying to find new ways to deceive people into providing their personal information. As part of the government assistance brought on by the pandemic, about 9 million pre-paid debit cards have been mailed to eligible Americans. The Visa debit card, comes with the stars of the flag, will be packaged in an envelope bearing the words EIP.
The Department of the Treasury announced that Americans have now received 140 million of the $239 billion worth of economic impact payments, also referred to as stimulus checks February 2024. The most of the payments have been made either physically to people for whom the IRS lacked direct deposit information or through direct deposit information that tax filers gave to the IRS.
When can i expect Stimulus Debit Card?
In order to receive a debit card, citizens must apply and for the process to be finished, they must go to epicard.com. Applicants must click Get Started and after carefully reading the card agreement and verifying the transaction restrictions, the applicant must activate the card. The candidates have to wait for the verification after their application has been reviewed.
The registered email address will receive the card update. In order to complete the debit card activation process, cardholders must contact the relevant authorities by phone. They will check the information swiftly and assist you with activating the card. The stimulus debit card will be delivered to the beneficiaries in a few business days.
Stimulus debit cards will have flexibility
Anywhere Visa debit cards are accepted, the debit card you receive ought to be as well. You should be able to use that card at the register, for instance, if you wish to buy groceries. Likewise, that debit card must to function whether making phone calls or using the internet.
Additionally, you may use your debit card to make free in-network cash withdrawals from ATMs or to transfer funds to a bank account. If you try to take out cash from an ATM that is not part of the network, you can be charged fees. This also applies if you try to use your debit card outside of the United States.
Economic Impact Payment Card- Understand
The funds you are getting under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) are on your Economic Impact Payment Card. As a component of the US Debit Card, the BFS of the Treasury Department is the sponsor of the EIP Card.
Since the IRS did not have your bank account information and you qualify for an Economic Impact Payment, you were sent an EIP card. Your EIP card account has been credited with your Economic Impact Payment, sometimes known as your “stimulus payment.” You can easily access your Economic Impact Payment using the EIP card.
How do I activate EIP card?
Dial 1.800.240.8100 to activate your EIP card. You will be required to verify your identification during activation by giving, at the very least, your name, address, and social security number. In order to hear your balance and conduct ATM transactions, you will also be required to generate a 4-digit PIN. Don’t use personal information as your PIN for account security. Only the primary cardholder may activate a card bearing multiple names.