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Treasury says first coronavirus stimulus checks have gone out and many will get payments by April 15
WASHINGTON – The Internal Revenue Service has begun to distribute stimulus checks of up to $1,200 to millions of Americans as the federal government tries to jolt the economy back to life amid the devastation from the coronavirus pandemic.
The first checks were delivered via direct deposit on Friday and tens of millions will see them appear in their bank accounts by Wednesday, according to the Treasury Department.
Some 50 million to 70 million Americans are expected to get their checks via direct deposit by April 15, according to the Treasury Department. Those who haven’t provided the IRS with their bank account information will get a paper check in the mail, which could take longer, though the department has launched a portal on its website that allows Americans to input their direct deposit information to speed up getting the cash.
The government is distributing the checks under a new $2.2 trillion economic recovery package that President Donald Trump signed into law last month.
Read More at USA Today
Read More at USA Today
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