First round of stimulus checks arrive via direct deposit

Those who have not filed taxes are being directed to go to IRS.gov to enter their information so they can get their economic impact payments faster by direct deposit.
Katrina Sperl,
Irs
Courtesy: ABC News

Americans are receiving via direct deposit their first stimulus checks from the Treasury Department sent to help alleviate the economic downturn caused by the COVID-19 pandemic.

“We can confirm that payments are beginning to arrive in some Americans’ accounts,” a senior Treasury official told ABC News. “Treasury and the IRS have worked around the clock to get fast and direct economic assistance to hardworking Americans.

Treasury is working to automatically process payments for Social Security and help retirement recipients who did not file a tax return in 2018 or 2019, according to a statement from the department.

The Treasury Department said the first payments, to Americans who received their 2018 and 2019 tax returns via direct deposit, will be going out no later than April 15.

Those who have not filed taxes are being directed to go to IRS.gov to enter their information so they can get their economic impact payments faster by direct deposit. There is no commitment from the Treasury at this time regarding people who are waiting on paper checks, which may take a little longer to disburse.
The stimulus checks are part of a massive $2 trillion stimulus package to provide essential relief to American workers and an economy reeling from the coronavirus crisis.
Categories: Coronavirus, News
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