Monday, April 13, 2020

Economic Stimulus Checks Update: When You Will Get Your Payment (And why some won't get their payment for 5 months)

The great money pump is on.

Spend your money before prices climb.

Here are the details of when the payments are going out:
  • 60 million will receive checks via direct deposit this week.
  • 10 days later payments will be made to social security beneficiaries who did not file tax returns for 2018 or 2019
  • During the first week of May, the IRS will start issuing paper checks to individuals (paper checks will be issued to those with lower incomes first). 
NOTE: For those who will receive a  paper check, physical check printing limitations could result in your check not arriving for up to 5 months.

To inform the IRS of your bank account so you don't have to wait for a physical check, provide your information here.


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