IRS Deposits First Batch Of Coronavirus Stimulus Payments To Eligible Americans
Relief for Americans affected by the economic crash due to COVID-19 shutdowns started over the weekend when the IRS tweeted it began to deposit stimulus payments into the bank accounts of eligible Americans.
“IRS deposited the first Economic Impact Payments into taxpayers’ bank accounts today.We know many people are anxious to get their payments; we’ll continue issuing them as fast as we can.”
The stimulus payments are the centerpiece of the $2.2 trillion rescue package to cushion the country during a collapse in economic growth triggered by the pandemic. A much broader disruption of the payments is expected this week.
Those who make $75,000 or less are expected to receive $1,200 checks. Married couples who make less than $150,000 will be issued $2,400 checks and $500 per child under 17.
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