Now Reading
Direct Deposits of Stimulus Checks to Begin Tonight

Direct Deposits of Stimulus Checks to Begin Tonight

The Internal Revenue Service will begin depositing $600 stimulus checks into Americans’ bank accounts on Tuesday night, Treasury Secretary Steven Mnuchin has announced on Twitter.

Photo by Alex Wong/Getty Images

@USTreasury has delivered a payment file to the @FederalReserve for Americans’ Economic Impact Payments. These payments may begin to arrive in some accounts by direct deposit as early as tonight and will continue into next week,” wrote Mnuchin. “Paper checks will begin to be mailed tomorrow. Later this week, you can check the status of your payment at IRS/gov/GetMyPayment.”

“Today @USTreasury and @IRSNews begin to deliver the second round of Economic Impact Payments to millions of Americans,” he added an hour later.

The payments “are an integral part of our commitment to providing vital additional economic relief to the American people during this unprecedented time,” Mnuchin said in an email.

The Treasury Department wrote in its own press release:

See Also

Generally, if you have adjusted gross income for 2019 up to $75,000 for individuals and up to $150,000 for married couples filing joint returns and surviving spouses, you will receive the full amount of the second payment. For filers with income above those amounts, the payment amount is reduced.

This second round of payments will be distributed automatically, with no action required for eligible individuals.  If additional legislation is enacted to provide for an increased amount, Economic Impact Payments that have been issued will be topped up as quickly as possible.

The swift issuance of this second round of payments follows the successful delivery of more than $270 billion in CARES Act Economic Impact Payments earlier this year, providing crucial economic support to nearly 160 million Americans.

Paper checks will be distributed starting on Wednesday.

The House of Representatives passed a stand-alone measure to increase the $600 installment to $2,000 – which Trump demanded on Saturday after remaining silent on the issue for nearly a year – on Monday evening.

But on Tuesday afternoon, Senate Majority Leader Mitch McConnell (R-KY) blocked an attempt by Minority Leader Chuck Schumer (D-NY) to approve the bonus by unanimous consent, despite it having the backing of the entire Democratic caucus and a growing number of Republicans who have announced their support for larger payments.

Instead, McConnell will attach the $2,000 upgrade to a bill containing a repeal of Section 230, a regulation that shields technology companies from being held accountable for harmful or malicious user-uploaded web content.

What's Your Reaction?
In Love
Not Sure

© 2021 Hillreporter.com

Scroll To Top