A new $500 inflation relief payment is being distributed this summer to help low-income households cope with rising costs. Here’s a breakdown of who qualifies, how to receive it, and what you should do to ensure you don’t miss out.
Who Is Eligible for the $500 Relief?
To qualify, you must be a U.S. citizen or lawful resident, age 18 or older, with a 2024 adjusted gross income (AGI) of $25,000 or less (single filers) or $40,000 or less (joint filers). Households participating in SNAP, Medicaid, or SSI are automatically eligible, even without filing a tax return. You must file a 2024 federal tax return or submit an IRS non-filer form by June 15, 2025, and confirm your eligibility through your reported income or verification of public assistance benefits.
How Payments Are Issued and When to Expect Them
The IRS will distribute payments via direct deposit or mailed checks, based on your filing and banking information:
| Milestone | Date / Timeline |
|---|---|
| Tax Filing or Non‑Filer Deadline | June 15, 2025 |
| Direct Deposit Info Update Deadline | June 25, 2025 |
| Direct Deposit Payments Begin | July 5–10, 2025 |
| Mailed Checks Dispatched | July 15–August 1, 2025 |
| Tracking in IRS Portal Available | Starting July 1, 2025 |
After July 1, visit the IRS “Get My Payment” portal to track your payment status. The portal will display “Scheduled” for deposits and “Mailed” for checks.
What You Should Do Now
If you haven’t filed a tax return, submit the IRS non-filer form by June 15, especially if you receive SNAP, Medicaid, or SSI. Visit the IRS portal to confirm or update your direct deposit information by June 25 to ensure an electronic payment. Beginning July 1, log in to view your payment status and delivery method so you know when to expect your $500.
What to Do If You Don’t Receive It
If your payment hasn’t arrived by August 10, 2025, use the IRS portal to check for flags like “Delayed” or “Rejected.” Issues frequently stem from outdated banking details, identity verification, or omitted documentation. Follow portal instructions to resolve any issues within five business days. If problems persist post-August 15, call the IRS Economic Impact Payment hotline at 1‑800‑919‑9835, with your Social Security number, filing status, and any portal notices at the ready.
The $500 inflation relief payment offers much-needed support to low-income households. To guarantee you receive it, submit your return or non-filer form by June 15, update your direct deposit info by June 25, and track your status in the IRS portal starting July 1. If you encounter any glitches, respond quickly to portal alerts or reach out for assistance to ensure you secure your financial relief in a timely manner.
FAQ’s:
1. I receive SNAP but don’t file taxes—can I still get it?
Yes. Just submit the non-filer form by June 15 and verify your benefits in the IRS portal.
2. Is the $500 taxable?
No—this is non-taxable federal relief and will not be included in taxable income.
3. What if I don’t have a bank account?
A paper check will be mailed between July 15 and August 1.
4. Are students or part-time workers eligible?
Yes—as long as your AGI falls within the limits and you meet the filing or non-filer deadline.
5. When should I call the IRS?
After August 15, if payment hasn’t arrived and portal issues remain unresolved.
