As the impact of the pandemic continues to evolve:
Congress passed the American Rescue Plan1, which may provide stimulus payments and a federal boost to weekly unemployment benefits, among other key features.
When can you expect to receive your stimulus payment?
Many eligible recipients will be receiving their stimulus payments via direct deposit starting next Wednesday, March 17th. Mailed check payments will also start to be processed today. No action is required by eligible recipients to receive this stimulus payment.
If you’re eligible, what amount could you receive?
Individuals with income of up to $75,000 may be eligible for the full payments of $1,400. Married couples with income of up to $150,000 may be eligible for the full payments of $2,800. Individuals with income between $75,000 and $80,000 and married couples with income between $150,000 and $160,000 may receive partial payments. Those with incomes above these income brackets may not be eligible for any funds.
How can you check if you received a stimulus payment in your WSB account via direct deposit?
We invite you to use the WSB Mobile Banking app on your smartphone and WSB Online on our website (watertownsavings.com) to check if your payment has been deposited. You can also set up a deposit alert to receive a notification when the payment has been deposited.
After you receive your payment, the IRS will send you a letter confirming the amount that was deposited.
Where can I get more information?
For additional information, please visit IRS.gov. The Get My Payment tool on the IRS website will provide status updates for taxpayers who have filed their 2019 or 2020 tax return with direct deposit.
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