- The IRS is still in the process of sending out waves of coronavirus stimulus checks which were funded by a $2.2 trillion emergency relief bill Congress passed at the end of March.
- Last week, the IRS set a deadline for taxpayers to submit their direct deposit banking details. If you missed that deadline, here’s what happens next.
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The disbursement of coronavirus stimulus checks by the IRS is still rolling along, with the effort set to deliver checks of up to $1,200 for individuals and $2,400 for married couples (with an extra $500 for each eligible child) to help blunt some of the economic pain of the pandemic that’s ravaged the US.
If you still haven’t received your direct payment yet — and, unfortunately, millions of Americans are in that boat, which sort of defeats the purpose of stimulus payments, but we digress — there’s an important update to be aware of in terms of when and how you’ll eventually receive that payment. At this point, there’s a strong chance you’ll have to wait on your check to arrive in the mail as opposed to electronic delivery via a direct deposit into your bank account.
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Stimulus check update: Here’s what happens if you missed the direct deposit deadline originally appeared on BGR.com on Mon, 18 May 2020 at 12:11:48 EDT. Please see our terms for use of feeds.
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