iStockphoto
Most Americans will not believe that they are actually receiving their government-promised stimulus checks until that sweet direct deposit hits.
But, the IRS wants you to know that help is on the way.
The first checks in conjunction with the $2.2 trillion stimulus package were sent as early as April 9 via direct deposit to taxpayers who provided direct deposit information on their 2018 or 2019 federal tax return.
The Internal Revenue Service announced that the first wave Economic Impact Payments were infused into taxpayers’ bank accounts Saturday, April 11.
#IRS deposited the first Economic Impact Payments into taxpayers’ bank accounts today. We know many people are anxious to get their payments; we’ll continue issuing them as fast as we can. For #COVIDreliefIRS updates see: https://t.co/hEEWmgHA9V pic.twitter.com/2bSHOTjMAS
— IRSnews (@IRSnews) April 11, 2020
Most direct deposits should arrive by April 14, while the IRS will start sending paper stimulus checks beginning April 24. According to Forbes, around “5 million checks will be mailed each week, starting with taxpayers with the lowest adjusted gross income.” So, those who decided to file taxes without direct deposit, could wait as long as September to receive their checks.
For the paper check people who want their payments quicker, you are in luck.
The Treasury Department and Internal Revenue Service announced Friday it will roll out a web app tool this week allowing Americans to register and track their stimulus checks, and will also enable you to input your direct deposit information to get your stimulus check faster. The service, dubbed “Get My Payment,” is expected to be available around April 15.
For taxpayers to track the status of their payment, they will need to enter basic information in the “Get My Payment” app:
- Social Security Number
- Date of birth
- Mailing address
Happy spending, folks.