IRS expedites coronavirus check printing, delivery earlier than expected
By RoseKiss
Americans who have been affected financially due to the coronavirus outbreak and who are anxiously waiting for cash relief may finally catch a break.
As reported by FOX Business, the IRS will be speeding up its process and could possibly send out direct deposit checks as soon as next week.
The first stimulus checks to Americans could be directly deposited as early as Monday or Tuesday and the first paper checks could be mailed starting April 20.
If you need to provide the IRS with your direct deposit, they will be providing an option for you to do so by the end of the week.
It was first reported that Treasury Secretary Steven Mnuchin said the first direct deposits from the IRS would go out on April 17.
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The Trump administration and lawmakers plan to give many American households direct cash relief amid the economic fallout from the coronavirus outbreak.
The payments will be $1,200 per adult for those with adjusted gross incomes of up to $75,000. The threshold for married couples is $150,000 – they are eligible for $2,400 and $500 per child.
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In March, unemployment spiked to 4.4 as employers shed 701,000 workers. Economists predict those numbers will rise in the coming months.
Share this blog with others so that they may know when to possibly expect their check. Thank you.
Featured image and facebook image credited to Pexels.com
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