A number of Americans reported late on Friday that the third round of government stimulus checks had been deposited in their bank accounts just a day after President Joe Biden signed the US $ 1.9 trillion contingency plan.
Biden said on Thursday that some Americans would start receiving deposits this weekend.
The IRS said Americans can check the status of their stimulus payment starting Monday by going to the “Get My Payment” site on the IRS website.
Although the first set of payments was sent on Friday, the IRS said it could take weeks for some to receive their payment.
“While tax season is in full swing, IRS employees once again worked around the clock to quickly provide assistance to millions of Americans struggling to cope with this historic pandemic,” said IRS Commissioner Chuck Rettig. The payments will be automatically delivered to the taxpayer, even if the IRS continues to issue tax refunds on a regular basis. We urge people to visit IRS.gov for the latest details on the stimulus payments, other new tax law provisions, and tax season updates. “
For some, the deposits are posted directly to the account. For others, the deposit appears as a pending transaction that will be released on Wednesday.
Americans who earn up to $ 75,000 per year receive an immediate payment of $ 1,400 (couples who earn up to $ 150,000 per year receive $ 2,800). Household heads earning up to $ 112,500 annually will also receive the full $ 1,400.
Those who make $ 75,000 to $ 80,000 ($ 150,000 to $ 160,000 for couples) will receive a prorated check. Those who earn more than $ 80,000 ($ 160,000 for couples) will not receive a check.
The IRS will use “adjusted gross income” to determine whether the income is eligible for payments.
For the vast majority of Americans, checks come in automatically, either by automatic deposit or by check or debit card in the mail. Some Americans who may not have previously qualified, such as young adults, may be required to submit their information to the IRS, although such details are not available at this time.
Do you have questions about the stimulus check? Please contact Justin Boggs on Twitter @jjboggs or on Facebook