Westwood One (WBAP/KLIF) – Though some Americans reported last week that they had received their federal stimulus checks, most Americans should start seeing their relief payments this week.
In a tweet the IRS said the agency sent out the first wave of checks on Saturday:
“#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.”
Deposits will continue in the days ahead, starting with people who have filed tax returns for 2018 or 2019 and authorized direct deposit.
Others — including people who haven’t filed returns, authorized direct deposits, or receive Social Security — will probably have to wait weeks or months before seeing their money.
The distributions are part of the $2.2 trillion economic relief package passed by Congress in March. Under the economic relief package, individuals are due up to $1,200 and couples will receive up to $2,400 — plus $500 per child.
Payments start phasing out for individuals with adjusted gross incomes of more than $75,000.
The Treasury Department and the IRS launched a new web tool that will allow Americans to register for low-income Americans who don’t typically have to file taxes; or those who have not filed for the past two years.
