The Treasury Department reported Wednesday that it has made 90 million payments totaling $ 242 billion in the economic bailout package since President Joe Biden signed the $ 1.9 trillion project English) last week.
The federal agency IRS (Internal Revenue Service) made most of those payments as direct deposits, which beneficiaries began seeing in their bank accounts last weekend, officials said Wednesday.
In addition, the Treasury mailed about 150,000 checks worth $ 442 million.
Payments began last Friday, a day after Biden enacted the National Rescue Plan, which seeks to alleviate the economic effects caused by the coronavirus pandemic and authorizes direct payments of up to $ 1,400 to beneficiaries. .
The Treasury said the first payments were to taxpayers who provided information for direct deposit on their 2019 or 2020 tax returns.
Other payments will be made in the coming weeks by direct deposit and by mail as a check or debit card.
Most taxpayers do not need to make any arrangements to receive payments, which will be automatic, as were those in the first and second rounds of rescue payments in 2020.