First Round of Stimulus Checks Have Been Deposited Into Bank Accounts
You might want to take a look at your checking account because you may have already received your coronavirus stimulus check.
The Internal Revenue Service (IRS) tweeted yesterday that it has deposited the first wave of checks into the bank accounts of qualifying Americans.
Originally, it was said that monies would be sent out starting the week of Monday, April 13th. It looks like the government surprised some of us with an early jump on things.
Of course, this money is part of the $2.2 trillion stimulus package passed by Congress that is aimed at keeping Americans and the economy afloat during the coronavirus pandemic.
The IRS says direct deposits will continue over the next several days and officials say they are issuing them as fast as they can.
You will only receive a direct deposit if you provided banking information while filing your taxes the past few years. Otherwise, those haven't done it this way will get checks by mail and that could take weeks or even months.
As a reminder, according to the IRS, those who made less than $75,000 in 2019 will be eligible for the full payment of $1,200. Couples who filed jointly and made less than $150,000 will get $2,400. An individual who filed as a "head of household" and earned $112,500 or less will get $1,200.
For more information regarding the stimulus checks, check out the IRS's "Economic Impact Payment Information Center" here.