Coronavirus US: where is my stimulus paper check and when will it arrive?
The Coronavirus Aid, Relief and Economic Security Act (CAREs) includes cash payments and loans to those affected by the Covid-19 pandemic.
The Internal Revenue Service (IRS) started sending the stimulus payments in mid-April to millions of Americans who lost their job because of the coronavirus pandemic. As of 4 May more than 80 million people in the United States have received their stimulus payments and they can spend that money as they please.
Having said that, there are still millions more who are still waiting for their $1,200 payment to arrive either by mail or be deposited directly to their bank accounts. Under CARES Act, individuals earning up to $75,000 will get $1,200 plus an extra $5000 for dependents under the age of 17.
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The IRS are now starting to mail paper checks to households, at around five million per week, with the households with the lowest adjusted gross incomes getting their checks first. In total it could take up to 20 week to mail all the checks, meaning some people may not receive their check until August.
⚡️ “IRS FAQs on Economic Impact Payments (Stimulus Payments)” by @IRSnews https://t.co/6EjBnunAsv
— IRSnews (@IRSnews) April 23, 2020
Around one quarter of the United States households either don’t have a bank account or have an account and use another financial service for payments. The IRS said that you still have time to set up a direct deposit, last day to do it is 5 May, for your stimulus payment and you can set up a direct deposit through the IRS website ‘Get My Payment’.