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Payments for the Coronavirus Aid, Relief, and Economic Security (CARES) Act are beginning to ramp up, and we’d like to help you better understand the program and its payments.

CARES Act Economic Relief Payments

Last Updated: April 13th, 2020


As you may already know, the CARES Act (Coronavirus Aid, Relief, and Economic Security) has been signed into law, and relief payments for many Americans will be starting soon.


Scroll down or click on a topic below.

The Amounts of CARES Act Relief Payments

How Payments Will Be Received

Timelines & Expectations




The Amounts of CARES Act Relief Payments


The CARES Act includes a provision for eligible taxpayers who filed a tax return for either 2019 or 2018. They could receive a payment of up to $1,200 for individuals or $2,400 for married couples. Parents also receive $500 for each qualifying child.

For individuals, these payments will be reduced for those with an Adjusted Gross Income (AGI) of more than $75,000, and will be zero for those whose AGI is more than $99,000.

For couples, these payments will be reduced for those with an AGI of more than $150,000 and will be zero for those with an AGI of more than $198,000.



How Will Payments be Received: Direct Deposit or Mailed Check


Direct Deposit

If you qualify and filed a 2019 or 2018 tax return, your payment will be deposited directly into the same bank account used for tax filing purposes – whether it was to pay taxes or to receive a refund. If you have not yet filed your 2019 tax return, the account used for your 2018 tax filing will be used.

Check by Mail

If you received your 2019 or 2018 tax refund via check in the mail, the IRS will mail the CARES relief check to the physical address they have on file.

You can easily deposit your check and access them securely using our Mobile Banking app.

If you don't already have the app, you can download it here:

Download in Apple's app store.

Download in Google Play.

For assistance regarding depositing your check using our Mobile Banking app, we strongly encourage reaching out to us using the Secured Messaging tool within Online and Mobile Banking. When composing your message, please use the topic: "IRS Stimulus Check Questions."



Timelines & Expectations: When to Expect Your Relief Payment


These payments are being distributed by the IRS in 'waves,' with no specific information being available as to when an individual will be receiving their particular payment. Because of this, if someone you know has received theirs, but you haven't, it is not a caused for concern.

Please note that SF Fire Credit Union does not delay the processing of IRS Direct Deposit payments.

For more information about these payments, including how to calculate your potential payment, please visit the IRS's Coronavirus Page.