You may have noticed the first "wave" of people have received their stimulus check, but when will you get yours?
Though the IRS you can usually track your tax refund and as of today there is not a way to track your stimulus payment BUT the IRS website says it’s planning to launch a Get My Payment application on April 15th. With this website, one will be able to check their payment status, confirm whether they’re getting it via direct deposit or check, and enter their bank account information.
But until then Money.com has a rough schedule of when taxpayers should expect their checks.
- this week: the IRS will send out 60 million payments to taxpayers for whom it has direct deposit information from their 2018 or 2019 tax returns
- late April: the IRS will do a “second run of payments” to Social Security beneficiaries who didn’t file tax returns in 2018 or 2019 but do have direct deposit on file
- week of May 4: the IRS will start mailing paper checks at a rate of 5 million per week — a process that could last up to 20 weeks
Source: Money
Photo: Getty Images