When Are Stimulus Checks Coming Out For Direct Deposit

People who file their returns in february would likely receive their. Paper checks or debit cards will be sent to. Recipients may have seen a direct deposit pending in their bank account as early as december 29 but the funds became officially available january 4.

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15 to deliver your second stimulus check of up to 600 by direct deposit mailed check or eip card.

When are stimulus checks coming out for direct deposit. Congress approved a second covid 19 stimulus package before the end of the year with up to 600 for individuals and 1 200 for married couples with an additional 600 for dependents. These payments may begin to arrive in some accounts by direct deposit as early as tonight and will continue into next week 1 2 steven mnuchin stevenmnuchin1 december 29 2020 paper checks. But the scenario suggests that if the protocols are in place the irs could theoretically ship out third stimulus checks within days and weeks rather than weeks and months.

The irs has until friday jan. 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. There was a tremendously fast turnaround with the second check.

How soon you submit your taxes for 2020 could have a direct effect on how quickly the irs is able to process your return. Some americans may have seen the direct deposit payments as pending or as provisional payments in their accounts before the scheduled payment date of january 4 2021 which is the official date. As an interesting data.

If you are one of the tens of millions of americans who qualify.

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