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IRS says stimulus payments will begin next week

This article courtesy of EastIdahoNews.com. It is used here with permission.

For more information on the stimulus package, click the logo.

The Internal Revenue Service said Friday that some stimulus payments will start going out next week, starting with people who have filed tax returns for 2018 or 2019 and authorized direct deposit.

The first round of direct-deposit payments will be made automatically to qualifying taxpayers.

Social Security beneficiaries will also receive their payments automatically. Those payments will go out “in the near future,” the IRS said Friday.

Stimulus check: How much can you expect?

The timeline keeps the first payments on the schedule promised by Treasury Secretary Steven Mnuchin, who said April 2 that the payments would begin going out within two weeks. He had earlier pushed for distributions, part of the $2.2 trillion economic relief package passed by Congress in March, to start as early as April 6.

Others — including people who haven’t filed returns, authorized direct deposits, or receive Social Security — will likely have to wait weeks and even months before seeing their money. Some will have to first file a return or register online in order to receive the payment.

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