- If you’re among the millions of Americans wondering “Where’s my stimulus money?” right now, a new delay has been identified in the disbursement of IRS stimulus payments.
- That money, which Congress appropriated in the wake of the coronavirus pandemic to help ease some of the financial strain on Americans, is apparently being routed first to bank accounts associated with tax preparation services, which use temporary bank accounts sometimes to get customers their refund anticipation loans.
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When I predicted at the outset of the Trump Administration’s stimulus check rollout that some Americans might not receive their checks until May at the earliest — despite insistence from US Treasury Secretary Steve Mnuchin that the checks would go out in a matter of days — I got some pushback in comments saying the government was promising otherwise. With the end of April now at hand, it looks like that prediction was true, but for at least one reason no one could have foreseen:
Turns out, millions of payments have been held up, detoured into the wrong bank account, and otherwise delayed for the unfortunate reason that the checks’ intended recipients have low incomes.
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The weird reason your stimulus check might be delayed originally appeared on BGR.com on Tue, 28 Apr 2020 at 14:56:56 EDT. Please see our terms for use of feeds.
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