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When are stimulus checks coming? Money set to roll out to Americans next week
Congress has passed, President Trump has signed, a $2 trillion stimulus bill that includes checks to taxpayers. Here's how to see what you might get.
USA TODAY
Americans have received conflicting information on when they will receive stimulus checks due to the economic fallout from the coronavirus pandemic. But there’s good news: Checks will be hitting their bank accounts soon.
Automatic payments are set to begin next week. Eligible taxpayers who filed tax returns for either 2019 or 2018 and chose direct deposit for their refund will automatically receive a stimulus payment of up to $1,200 for individuals or $2,400 for married couples and $500 for each qualifying child, the IRS said Friday.
Individuals who receive Social Security retirement or disability benefits, or who receive Railroad Retirement benefits but didn’t file a return for 2019 or 2018 will automatically receive a payment in the “near future,” the agency said.
The government is prioritizing the first few waves of payments in the coming weeks toward low-income Americans and Social Security beneficiaries, according to Lisa Greene-Lewis, a certified public accountant at TurboTax.
“Direct deposit is the quickest way that people will receive their money,” Greene-Lewis says. “Then the IRS will work on issuing the paper checks.”
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