Information about Coronavirus Stimulus Payments

With millions of Americans filing for unemployment, the government has put together the Coronavirus Aid, Relief, and Economic Security CARES Act to assist those who are experiencing financial hardships due to COVID-19 (coronavirus). The stimulus package includes Economic Impact Payments that will be distributed within the coming weeks.

Here is what you need to know about the stimulus payments

  • Stimulus checks come from the IRS, and they are your BEST resource for information about payments.
  • Home Federal Bank does not get notified when stimulus checks are direct deposited or mailed. For the most up-to-date information on stimulus checks, visit the Economic Impact Payment Information Center at www.irs.gov/coronavirus/get-my-payment.
  • For most taxpayers, stimulus check payments are automatic, and you do not have to sign-up to receive a payment. Stimulus check payments are based on your most recent tax returns. If you used direct deposit when you filed your taxes, your stimulus check will be deposited into the account specified.

Direct Deposit

The fastest way to get your stimulus payment is through direct deposit. The IRS can help you set up direct deposit if it has not been set up already when you last filed your taxes.

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