Economic Impact Payments
In response to the Coronavirus (COVID-19) pandemic, the government has stated customers will begin seeing their 2021 Economic Impact Payments this week. This program allows certain U.S. residents, based on income categories determined by the Internal Revenue Service (IRS), the ability to receive up to $1,400 for individual or head of household filers, and $2,800 for joint filers, as well as $1,400 for qualified dependents.
How to Check the Status of Your Economic Impact Payment
The IRS has developed a web-based portal that will allow you to check the status of your stimulus payment. Please click on the IRS link below "Get My Payment".
How to Set Up Direct Deposit for Your Economic Impact Payment
The IRS has developed a web-based portal that will allow you to provide your routing number and account number to the IRS. To update your bank account information and check the status of your payment click on the IRS link below "Get My Payment." You may need your 2020 tax return if you've filed, as well as your 2019 return.
If the IRS has your direct deposit information, you'll see a page giving you the status of your payment. If it doesn't and you are eligible for a check, you can enter your routing number and account number to have the government send your check to your bank account.
Finding Your Account and Routing Number
Wood & Huston Bank's routing number is 101901833. You can also find this at the bottom of your checks, along with your account number.
How to Deposit Your Economic Impact Check
If you have provided the IRS with your account and routing number, no additional action is necessary, the payment will automatically be deposited into your bank account. If you receive a check by mail, it can be deposited through:
- Your Wood & Huston Bank Mobile App using Mobile Deposit
- Your Live Video Teller
- Your local drive-thru
Please Be Aware of Potential Scams
The IRS urges taxpayers to be on the lookout for scam artists trying to use the economic payments to cover schemes to steal personal information and money. Remember, the IRS will not call, text, email or contact you on social media asking for personal or bank account information - even related to the Economic Impact Payments. Also, watch out for emails with attachments on links claiming to have special information about Economic Impact Payments or refunds.
Additional information regarding payments may be found on the IRS website.
Wood & Huston Bank and its subsidiaries are not tax or legal advisors. Please consult your tax or legal advisors for more information regarding your personal situation. We have no such agency relationships with CPAs, tax, or legal advisors.