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Stimulus checks have begun to be deposited

March 12, 2021 by NewsDesk

Several Americans reported Friday that the third round of government stimulus checks were posted to their bank accounts, just a day after President Joe Biden signed the $ 1.9 trillion US Aid Plan .

Biden said Thursday that some Americans would begin receiving deposits as early as this weekend.

The IRS said that starting Monday, Americans can check the status of their payment for incentives by going to the “Get My Payment” site on the IRS website.

Although the first batch of payments came out on Friday, the IRS said it could take weeks for some to receive their payment.

“While the fiscal season is in full swing, IRS employees returned to work 24 hours a day to offer quick help to millions of Americans struggling to cope with this historic pandemic,” he said. IRS Commissioner Chuck Rettig. “Payments will be delivered automatically to taxpayers, even as long as the IRS continues to deliver tax refunds regularly. We encourage people to visit IRS.gov for the latest details on stimulus payments, other new provisions in the legislation fiscal and updates of the fiscal season ”.

For some, deposits posted directly to the account. For others, the deposit is shown as a pending transaction scheduled to be released on Wednesday.

Americans earning up to $ 75,000 a year will receive a direct payment of $ 1,400 (couples earning up to $ 150,000 a year will get $ 2,800). Heads of households earning up to $ 112,500 a year will also receive a total of $ 1,400.

Those who earn between $ 75,000 and $ 80,000 (between $ 150,000 and $ 160,000 for couples) will receive a prorated check. Those who earn more than $ 80,000 ($ 160,000 for couples) will not receive a check.

The IRS will use “adjusted gross income” to determine the eligibility of income for payments.

For the vast majority of Americans, checks will be made automatically, either by direct deposit or by check or debit card in the mail. Some previously ineligible Americans, such as young adults, may need to submit their information to the IRS, although these details are not available at this time.

Do you have any questions about checking for stimuli? Contact Justin Boggs on Twitter @jjboggs or forward Facebook.

.Source

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Tags American rescue plan, Bank account, Biden, coronavirus stimulus, Deposit, Huntington, persecution, pnc, Stimmy, Stimulus

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