- The IRS last week started making $1,200 payments to eligible taxpayers via direct deposit.
- For taxpayers who don’t have direct deposit set up, the IRS is planning to mail out checks over the next few months.
- For people who want to receive their $1,200 stimulus check faster, the IRS has an online tool where users can enter their banking account information online and receive payment via direct deposit.
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The impact of the coronavirus on the U.S. economy has been nothing short of staggering. Nearly all non-essential businesses have been closed for weeks on end and millions of Americans, as a result, have lost their jobs. As it stands now, an estimated 10% of the entire U.S. workforce is without work on account of the coronavirus and, in turn, unemployment claims are historic levels.
In light of that, President Trump a few weeks ago signed a $2 million stimulus package that calls for all eligible Americans to receive a one-time $1,200 payment. The obvious goal here is to help individuals and families get through an economic downturn that may come to rival the Great Depression. While the coronavirus seems to have peaked in many areas, there’s still no telling when businesses will re-open and life will return to normal.
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Here’s how to get your $1,200 stimulus check faster originally appeared on BGR.com on Mon, 20 Apr 2020 at 14:05:49 EDT. Please see our terms for use of feeds.
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