Some Americans May Not Receive Stimulus Checks Until August

Initially it was stated Americans would receive stimulus checks within two weeks, but that appears to not be the case for all of us.

According to @abcnews, in a Democratic memo, if you do not have direct deposit information listed on your tax return, you may not see your stimulus check until August.

It’s also reported that those who have the lowest income will receive their checks first, and those checks will be sent out by April 17. According to Business Insider,” The plan set priority for paper check distribution to those with the lowest-income — individual taxpayers making $10,000 or less on April 24. Paper checks will be mailed out to Americans by $10,000 increments per week starting on that date, according to the internal document.”

 

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TSR Staff: La’Janeé @_lajanee_ _________________________________ Initially it was stated Americans would receive stimulus checks within two weeks, but that appears to not be the case for all of us. _________________________________ According to @abcnews, in a Democratic memo, if you do not have direct deposit information listed on your tax return, you may not see your stimulus check until August. _________________________________ It’s also reported that those who have the lowest income will receive their checks first. __________________________________ Checks will start being deposited—read more at theshaderoom.com???????? (????: @gettyimages)

A post shared by The Shade Room (@theshaderoom) on Apr 2, 2020 at 9:17pm PDT

Under the Coronavirus Aid, Relief, and Economic Security (CARES) Act, those earning $75,000 or less will receive $1,200, including an additional $500 per dependent. Americans making more than $99,000 won’t receive a stimulus check, according to The Post.

Source: https://www.businessinsider.com/irs-begin-sending-coronavirus-stimulus-payments-april-2020-4