The IRS released the first wave of stimulus checks today! Many Americans woke up to deposits pending, or available from the department of treasury. I personally know a few people in the city who have gotten theirs, proven that those who have already filed would get paid quickly. However, if you did not get a deposit, another round is expect the be deposited Tuesday, with more deposits throughout the week. Those who have their deposit information on file got theres first, in a likely draw of longer tenured tax payers to least. For those without bank accounts, the IRS plans to send out checks starting April 20th. Many have also wondered about ongoing payments in the midst of the crisis. Last week President Trump confirmed that they are in deed, planning to send another wave of payments out. I hope the payments bring happiness to you all. Stay healthy stay safe.
stimulus checks
This Week Starts Stimulus Payments!
Since the announcement of the stimulus package, there has been numerous rumors swirling around. Most have focused on the time frame in which Americans can expect their refunds, direct deposit versus checks, and what needs to be done to receive.
In regards to timeframe: Americans who have not already filed a tax return for 2019, or 2018, will start to see deposits starting 04/09. That date is also exclusive to taxpayers who provided the direct deposit information. Those who did not will start to see mailed checks 04/24, depending on income. Those on social security will see those payments go straight to them, with out having to file a return. For individuals who have no filed, or do not usually file, turbo tax has teamed up with the IRS to provide a portal to register file a simpler return, or input your direct deposit information if you are not eligible to file. Visit turbo tax website for more information. Stay safe stay inside!