The new IRS site will let you check the status of your coronavirus assistance check and provide bank account details to receive faster payment.
Now that the financial stimulus is approved, when will people receive money to help with bills, groceries and rent? Our explainer has the answers.
Congress approved the up-to-$1,200 onetime cash payouts last month in the $2-trillion economic relief package, and the administration has worked to rush the cash to Americans who have seen their lives upended by efforts to curb the coronavirus. But millions of Americans don’t have direct deposit information on file with the IRS, either because they don’t normally receive a tax refund or prefer to receive a paper check.
All U.S. residents are eligible for a payment as long as they have a work-eligible Social Security number, cannot be claimed as a dependent on another person’s taxes, and meet the income requirements. Those with an adjusted gross income below $75,000 would receive $1,200 per adult or $2,400 for a married couple. In addition, they are eligible for an additional $500 per child under 17. Americans who make from $75,000 to $99,000 are eligible for a portion of the payment.
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