Stimulus Cash Coming Soon

Stimulus Cash Coming Soon

The federal government expects to begin making payments to millions of Americans under the new stimulus law in mid-April, but some people without direct deposit information may not get checks until mid-August or later, according to a memo obtained Thursday by The Associated Press.The document from the House Ways and Means Committee says the IRS will make about 60 million payments to Americans through direct deposit in mid-April, likely the week of April 13. The IRS has direct deposit information for these individuals from their 2018 or 2019 tax returns.Then, starting the week of May 4, the IRS will begin issuing paper checks to individuals, which could take until August to fully disburse the checks.

Source: MG News

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