- About 140 million Americans who qualify for stimulus payments have received them.
- Most of the payments were delivered by direct deposit or paper check, as well as Direct Express card for federal benefits recipients.
- The Treasury announced plans on May 18 to send about 4 million prepaid debit cards to some remaining stimulus check recipients instead of paper checks.
- The cards, issued by MetaBank, will be sent to people who did not provide the IRS with banking information and whose tax return was processed at IRS centers in Austin and Andover.
- It’s unclear whether the IRS will be replacing paper checks completely with the debit cards.
- The schedule is subject to change. This post will be updated to reflect the latest information.
- Read more personal finance coverage.
About 140 million Americans have received a stimulus payment, according to the Treasury Department.
The US government initially said it would deliver around 150 million payments in total, which were enacted under the CARES Act in late March.
Most people were paid by direct deposit, while others who didn’t have bank information on file with the IRS were mailed a paper check. Some Americans who receive federal benefits, such as Social Security, were paid via Direct Express card.
According to a Treasury statement on Monday, about 4 million of the remaining stimulus check recipients will be sent prepaid debit cards instead of paper checks.
If you don’t receive federal benefits, you can track your stimulus payment on the IRS website, which is updated once a day. Dependents older than 16, people without a Social Security number, and those with incomes above $99,000 (or $136,500 if you file as a head of household) will not be getting a stimulus check.
Here’s when you can expect your stimulus payment to arrive, based on all the information we have so far.
The schedule is subject to change. This post will be updated to reflect the latest information.
Most people who qualify don’t have to sign up or apply for anything to get a payment. If you filed 2018 or 2019 tax return and got a tax refund, the money is being sent to the same account where you received your refund.
If the bank account has been closed the payment will bounce back to the IRS and they’ll send a paper check to the address listed on your latest tax return or change-of-address filed with the US Postal Service. If you didn’t get a tax refund in the last two years, the IRS asks that you enter your bank information in an online tool or wait for a paper check.
If you receive Social Security retirement or disability benefits, Railroad Retirement benefits, Supplemental Security Income (SSI), or Veterans Affairs (VA) benefits, you’ll get your stimulus payment the exact same way you normally get paid, whether by direct deposit, Direct Express, or mail.
If you receive a call, email, Facebook message, or other communication about your stimulus check, it’s probably a scam. The government will never ask you to verify personal information over the phone and certainly will not ask for money.
The Treasury said on May 18 that about 140 million Americans have received stimulus payments to date.
Automatic stimulus payments will go to Americans on Social Security retirement and disability benefits, Railroad Retirement benefits, SSI, and VA benefits, even if they haven’t filed a recent tax return. The payments will be for the maximum amount — $1,200 — and paid by deposit or mailing information where they normally receive their benefits.
The Treasury said in a news release in April that SSI recipients specifically would get their payments by early May, but has not given an expected arrival date for other federal beneficiaries.
About 10 million Americans qualify for payments under the CARES Act but have yet to receive them.
The Treasury says about 4 million people will get prepaid Visa debit cards loaded with their payment this week.
The debit card cards — formally called an EIP Card — are issued by MetaBank and will be mailed to the recipient’s last known address on file with the IRS or US Postal Service. Only one card will be provided per family. The cards can be used to withdraw cash from an ATM, transfer funds to a bank account, order checks, or make purchases wherever Visa is accepted.
The IRS was slated to begin issuing checks on April 24 to people who didn’t provide banking information, according to an internal memo reviewed by The Washington Post.
It’s unclear whether the IRS will continue to send out paper checks now that it is delivering some payments by prepaid debit card. But the plan prioritized low-income Americans, sending checks around April 24 to people with an adjusted gross income (AGI) of $10,000 or less.
According to the original plan reviewed by the Post, the IRS will send out 5 million paper checks a week, moving up the income thresholds in $10,000 increments. For instance, people with incomes above $20,000 and less than $30,000 will be sent checks on May 1. On May 8, people with incomes between $30,000 and $40,000 will be sent checks, and so on.
The process of mailing checks is expected to continue until September 4, when joint filers with an AGI of $198,000 — the cutoff for the minimum stimulus payment — will receive theirs.
According to The Post, remaining payments for those who the IRS had no prior deposit information will be sent on September 11.
Again, it’s unclear whether the IRS has sped up its timeline since introducing payments via prepaid debit card.
- Read more on managing your money in this tumultuous time:
- 3 options for people struggling to pay their mortgage during the global health crisis
- 4 reasons to get disability insurance, even if you don’t think you need it
- If you’ve been financially impacted by the coronavirus, you may be able to pause payments on these 8 bills
- How to get a stimulus check from the US government, which could pay up to $1,200 if you qualify
- In response to the coronavirus, credit card issuers like Amex and Capital One are letting customers skip payments without interest and more
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