Americans will start receiving In an article written bythe stimulus payouts directly to their bank accounts today. Internal Revenue Service plans “IRS” Treasury Secretary Steven Mnuchin said in a statement that on April 9, 2020 “Eastern Time” that “IRS” will start sending electronic payments as part of the $2 trillion coronavirus stimulus bill signed by United States President Donald Trump.
Photo credit: The Washington Post
The first payout will cover at least 50 millions Americans and those already given their bank account information to the IRS and Social Security beneficiaries who filed a federal tax will be prioritized.
In an article written by news4jax the next wave of payment will be sent no later than April 20, 2020. The 3rd and final round for payment is for Americans who only made through check and will be mailed at an undetermined date.
How much will you get paid?
As part of $2 trillion coronavirus stimulus bill, Americans who make up $75,000 a year will be given $1,200. Couples making $150,000 up will received $2,400. American couples whose child under the age of 17 will also qualify for $500. The payments decrease for those couples making more than $75,000, with an income cap of $99,000 per individual or $198,000.
Disclaimer: The view and opinions expressed in this blog post are that of the author and do not in any way represents the agency or department he/she currently belongs to. Further, this information should not be interpreted as an endorsement of any specific provider, service or offering.