Irs Stimulus Deposit Timeline

However millions more needed to be sorted out.

Irs stimulus deposit timeline. According to the irs and house committee documents automatic stimulus payments will continue to go out via direct deposit and mail into january. Americans who had up to date direct deposit banking information in their 2018 or 2019 taxes were the first to get their stimulus checks on april 15 2020. The irs has taken a beating this year at the handling of the rollout of stimulus payments.

There was a tremendously fast turnaround with the second check. 31 with paper checks and debit cards sent out to all eligible households by jan. The irs noted that payments made via direct deposit may show up in bank accounts as pending or provisional until jan.

But even so the timeline leaves many people. For example it took the irs 19 days from the date the march 2019 stimulus bill passed to the day the first check was issued. This applies to americans who have previously provided their banking information to the irs for the direct deposit.

For example it took the irs 19 days from the date the march 2019 stimulus bill passed to the day the first check was issued. Millions of americans should receive their stimulus money through direct deposit. As of last week direct deposits from the irs were expected to hit bank accounts before dec.

4 2021 which is the official payment date. There was a tremendously fast turnaround with the second check. After a lengthy guessing game president donald trump signed into law the second stimulus package.