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News: IRS Sends Out Stimulus Payments - Credit-Land.com

The IRS continues sending out stimulus payments through direct deposit and the mail. The week of May 4 is the week when the IRS starts mailing paper checks.

The IRS has already sent out 122 million payments to U.S. residents who meet the requirements for a coronavirus impact check. Now the IRS starts mailing paper checks at a rate of up to 5 million checks per week until everyone eligible who hasn't set up direct deposit with the federal revenue service yet receives theirs.

If you haven't received your stimulus payment yet, you may want to check whether your stimulus money is coming or not. For that, you can visit the IRS' Get My Payment portal to track the arrival of your payment. You will need to provide your Social Security number (SSN) or Individual Taxpayer Identification Number (ITIN), your date of birth, street address, and your ZIP or postal code. Once you provide all the necessary information, you will be able to see your payment status and whether it was sent by mail or was deposited in your bank account.

If you haven't set up direct deposit with the IRS, then, most likely, you will be sent a paper check through the mail. It may take up to 20 weeks for everyone eligible for a paper check to receive one in the mail, according to the IRS' estimates.

tags : Payments Covid

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