IRS Has Begun Processing Stimulus Check Payments

  • The IRS on Friday began processing stimulus checks, which could arrive in Americans’ bank accounts as soon as this weekend.
  • Unlike the prior rounds of checks, families will get a payment for all their dependents claimed on a tax return, not just their qualifying children under 17.
  • Americans can check the status of their third payment by using the Get My Payment tool starting on Monday.

The Internal Revenue Service on Friday began processing stimulus checks, which have already started to hit Americans’ bank accounts and should continue to arrive throughout the weekend.

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Officials from the Treasury Department and the IRS told reporters Friday afternoon that most Americans do not need to take any additional action to receive their payments and most will be delivered via direct deposit.

“Even though the tax season is in full swing, IRS employees again worked around the clock to quickly deliver help to millions of Americans struggling to cope with this historic pandemic,” IRS Commissioner Chuck Rettig said in a press release.

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IRS officials said that full $1,400 payments are slated to go to individuals with adjusted gross incomes of up to $75,000, heads of households that make up to $112,500 and married couples filing jointly with annual income up to $150,000.

www.cnbc.com/2021/03/12/stimulus-check-update-irs-started-processing-payments.html

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