Timeline Of Stimulus Deposits

Millions of americans should receive their stimulus money through direct deposit.

Timeline of stimulus deposits. What is the timeline for the second round of stimulus payments. 27 stimulus package gave the irs just 17 days. Treasury secretary steven mnuchin on tuesday revealed 600 covid stimulus payments to americans may begin to arrive by direct deposit as early as tonight while paper checks will begin to be mailed.

4 2021 which is the official payment date. According to the irs about 80 million payments went out this way with no problems. However millions more needed to be sorted out.

This applies to americans who have previously provided their banking information to the irs for the direct deposit. According to the irs and house committee documents automatic stimulus payments will continue to go out via direct deposit and mail into january. Americans who had up to date direct deposit banking information in their 2018 or 2019 taxes were the first to get their stimulus checks on april 15 2020.

For example it took the irs 19 days from the date the march 2019 stimulus bill passed to the day the first check was issued.