CARES Act and Stimulus Package Information

What You Need to Know

There is so much information being spread about the CARES Act legislation and what Americans can expect from the stimulus package. This page is designed to be a resource for you.

This legislation contains important financial pieces for First Financial customers by way of unemployment benefits or direct cash payments. 

Direct Stimulus Payment Information

  • Americans who made up to $75,000 in 2019 are eligible for a one time payment of $1,200. 
    • This also includes individuals who filed as “head of household” and earned up to $112,500. 
  • Those who haven’t yet filed their 2019 tax return can use a 2018 return. 
  • Couples who filed jointly and made up to $150,000 combined are eligible for one payment of $2,400. 
  • For every child in the household, you’ll receive an additional $500.

Please note, it may take until the end of April for the payment to be deposited into your account. If you received your tax refund for the last two years via direct deposit, you’ll receive your payment that way. Otherwise, the Internal Revenue Service (IRS) will mail checks to your last-known address. 

The Treasury Department and the IRS have developed a tool to discover your eligibility, filing status and payment status available by visiting the IRS Coronavirus Website. The IRS has until the end of 2020 to distribute the payments. 

Unfortunately, First Financial Bank cannot provide any details regarding eligibility, status of payment, or deposit date. Please use the IRS website for more information related to your stimulus payment.

The Consumer Finance Protection Bureau has also provided a useful guide and frequently asked questions website that you can find by clicking here >

Fraudsters and criminals are aware of these payment, so we ask that you keep your financial safety in mind. Common scams include phishing emails, phone calls and copycat websites. Make sure you continue to keep your personal information secure and stay vigilant of any suspicious activity during this tense time. The American Bankers Association provides some details of activity to be on the lookout for: 

Use suspicious phrases. 

The IRS has stated that the official term for payments is “economic impact payment.” If you receive any correspondence using the phrases “stimulus check” or “stimulus payment,” it may be a clue that a fraudster trying to take your cash. 

Send “phishy” emails or texts. 

Government agencies will never correspond through email or text message. If you receive a message with a link asking you to register online in order to receive your economic impact payment, you are most likely being scammed. Do not click on the link. 

Make bogus phone calls and texts asking for personal information. 

Consumers do not need to take any action to receive their economic impact payment. If you receive a phone call or text from someone claiming to be from your bank or a government agency asking to verify your personal information, hang up immediately and call your bank or report it to the IRS

Mail a phony check. 

Some scammers will send out fake checks—with either the correct or incorrect economic impact payment amount—and require the recipient to verify personal information in order to cash it. The only mail correspondence you should receive will come from the IRS in the form of a letter with information on how the economic impact payment was made and how to report any failure to receive the payment.