WHO WILL GET STIMULUS CHECKS FIRST

The $600 stimulus checks from the latest Covid relief bill are officially on their way to bank accounts, according to two tweets from Treasury Secretary Steven Mnuchin on Tuesday evening. If that information has changed, it will delay the receipt of your stimulus check, according to the IRS.

If you don’t have direct deposit set up with the IRS, it will likely take longer for a stimulus check to arrive, as it will be mailed to you either in the form of a paper check or a debit card. In addition, if you do have direct deposit set up but don’t receive your check this way by early January, keep a close eye on your mail, according to the IRS.

Paper and debit card checks will begin to be mailed to eligible recipients on Wednesday, according to Mnuchin and the IRS. Later this week, eligible Americans will be able to track the status of their check through the “Get My Payment” tool on the IRS site. Even as $600 checks are going out, Congress is still battling over increasing the economic impact payment amount to $2,000 for individuals.

If the $2,000 checks are passed, the IRS will top up checks that have already been issued as soon as possible.

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