Partner Colorado Blog

What You Need to Know about Economic Impact Payments

man's hands putting money in wallet

On March 30, 2020, the Treasury Department and the Internal Revenue Service (IRS) announced economic impact payments will start being distributed in the next three weeks. No action is required for most people as the distribution will be automatic. However, some seniors and others who normally don’t file tax returns will need to submit one in order to receive the payment. Here’s what you need to know about economic impact payments.