WASHINGTON – When could people start receiving their $1,200 checks from the federal government? That’s the question on everyone’s mind after the passage of the CARES Act that guarantees direct payments to residents.
The short answer: checks start being deposited around mid-April.
According to the House Ways and Means Committee, beginning the week of April 13, the IRS is expected to make approximately 60 million payments to Americans through direct deposit for individuals who used direct deposit on their 2018 or 2019 tax return. This includes Social Security beneficiaries who filed tax returns for direct deposit.
Shortly after the first round of payments is made, the IRS will issue a second round of payments to Social Security beneficiaries who have made it. no they file tax returns and receive their benefits through direct deposit.
Around May 4th, about three weeks after the first payments, the IRS will start sending paper checks to people. Those who receive their checks first will be individuals with the lowest income.
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“Families and workers in Michigan are feeling the direct impacts of the COVID-19 crisis. They, along with frontline healthcare workers, must be our immediate priority in our response,” said Michigan Rep. Debbie Dingell (D-Detroit). “It is critical that the federal government works urgently to get these payments to individuals. If anyone has problems getting their payment, I am here to help. Contact my office and we will work with you to solve the problem” .
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The direct payments were part of the third COVID-19 stimulus bill aimed at helping residents struggling to pay rent or buy food. Adults will receive $1,200 per adult and $500 per child for people making up to $75,000 a year. Payment amounts will decrease the more money they earn, stopping altogether for single workers earning $99,000.
If you do not know how much money you will receive from the bill, you can check here.