The IRS building. The IRS building in Washington. (Photo: Allison Bell/ALM)

The IRS on Monday warned that individuals with dependents needed to act by Wednesday if they did not file a tax return in 2018 or 2019, in order to quickly receive the full amount of their stimulus payments.

With the $1,200 government payments being processed, in order to add the $500 per eligible child amount to these payments, the IRS needs the dependent information before the payments are dispensed.

“Otherwise, their payment at this time will be $1,200 and, by law, the additional $500 per eligible child amount would be paid in association with a return filing for tax year 2020,” the IRS states.

The IRS states that the $1,200 automatic payments “will be starting soon” for those receiving Social Security retirement, survivor or disability benefits (SSDI), Railroad Retirement benefits, Supplemental Security Income (SSI) and Veterans Affairs beneficiaries who didn’t file a tax return in the last two years.

The IRS is directing such groups to access a special non-filer tool by noon Eastern time on Wednesday, to put all of their eligible stimulus payment, or Economic Income Payment, into a single payment.

“We want to ‘Plus $500’ these recipients with children so they can get their maximum Economic Impact Payment of $1,200 plus $500 for each eligible child as quickly as possible,” said IRS Commissioner Chuck Rettig, in a Monday statement. “They’ll get $1,200 automatically, but they need to act quickly and register at IRS.gov to get the extra $500 per child added to their payment. These groups don’t normally have a return filing obligation and may not realize they qualify for a larger payment. We’re asking people and organizations throughout the country to share this information widely and help the IRS with the Plus $500 Push.”

Those receiving federal benefits – including Social Security retirement, survivor or disability benefits (SSDI), Railroad Retirement benefits, Supplemental Security Income (SSI) or Veterans Administration benefits – with children and who weren’t required to file a tax return in 2018 or 2019 should visit the Non-Filer: Enter Payment Info Here tool.