For the first time in a long time, ais within reach. But even if negotiators in Washington can agree on a , the IRS and US Treasury won’t be able to send them all at once. In fact, there are still some people who, even eight months later, are waiting for their first stimulus check to arrive.
We’ll tell you everything we know about how long you might personally have to. But first, to make sure we’re all on the same page, the latest discussion suggests that a could max out at $600, which is half the to receive with the first checks.
The situation is complicated and far from final (there’s talk of), but you can read what we know about here.
People who have direct deposit set up with the IRS
People who already have theiron file with the IRS, or who quickly provide that information when and if IRS registration opens it up again, should be first in line to receive a stimulus check. An electronic transfer of funds is faster and more efficient than mailing a check, which is why this group largely got their first payment faster.
For the first stimulus check, the iRS took 19 days to build their online tool. On April 15, it sent the first batch of stimulus checks, and in the first week, sent roughly $80 million payments tothrough direct deposit. People were encouraged to continue registering for direct deposit through May 13 as a way to get their checks faster than through the mail. Some did experience or with , but on the whole, this was the speediest method.
Here are ways you can help, including what we know now about .
Social Security beneficiaries
With the first stimulus payment, many people who receive Social Security disbursements who also had direct deposit information on file with the federal government received checks in the first week, though not always the first day.
The IRS had a separate informational section for people Read more>>. Normally, people in these groups receive their federal benefits through a Direct Express card, though people in this group received their stimulus payment through a non-Direct Express bank or a paper check…