Stimulus Payments Information
The United States Treasury Department and the Internal Revenue Service (IRS) have begun distribution of Stimulus Payments and South Shore Bank is here to guide you.
- The IRS provides a feature to let taxpayers check on the status of their direct deposit. This is also where you can update any direct deposit information. Visit Get My Payment to use this feature.
- If you receive Social Security and typically do not file a tax return, you will no longer need to file a simple tax return or any other paperwork to receive the stimulus. You will automatically get the payment.
- Be sure you are eligible. Tax filers who have adjusted gross income levels of $75,000 for individuals and $150,000 for couples will receive full payment. Payment is reduced by $5 for each $100 above that threshold. Individuals with income above $99,000 or couples above $198,000 with no children are not eligible. Still not sure if you are getting a check, click here to find out more.
- The IRS will use your tax return for your bank account or address, and to calculate and send payments. If you filed in 2019, that information will be used. If you have not filed your 2019 return yet, 2018 filing information will be used.
- Most Social Security (including SSDI and SSI) and Railroad Retirement recipients who are not typically required to file a tax return do not need to take action. Recipients will receive $1,200 payments automatically as a direct deposit or by mail, just as they would normally receive their benefits
- Contact South Shore Bank directly if there is a problem with your direct deposit or there appears to be a hold on the stimulus check distribution at (781) 682-3715.
- For a complete list of FAQs visit the Economic Impact Payment Information Center.
Beware of Fraud or Scams
- Phone Scams - Scammers claiming to be IRS agents may ask you to "verify" personal information in order to receive your stimulus check or claim that you owe money and need to sign over your check.
- Bank Scams -Scammers may call or email pretending to work for South Shore Bank and ask for your account information or Social Security Number. We will not ask for financial or personal information through email, text or unsolicited calls.
- Check Scams - Scammers may send fake stimulus checks. Signs of fraud include checks for an odd amount (a real check won’t include cents), or one that requires you to visit a website or call a number to confirm.
- No one will call or email you from the government regarding your check. If you get a text, phone call, or email asking you for your personal information, do not respond.
- Remember, government agencies do not communicate through social media avenues like Facebook. So, be wary of unsolicited messages.
- Seniors are especially vulnerable to these kinds of scams. It is important during this time to check on elderly neighbors and others who may need help, to be sure they are made aware of the most recent scams relevant to the coronavirus crisis.