The US government has distributed about 130 million economic impact payments to taxpayers in less than 30 days. The IRS anticipates sending more than 150 million payments as part of a massive coronavirus rescue package. The distribution has had some hiccups so for those still waiting or with other questions, here are a few answers:
- The government can’t logistically or physically make all the payments at once, so it’s doing so in steps.
- For those with direct deposit information on file with the IRS, payments began going out on April 10.
- Payments started going out last week to Social Security beneficiaries, railroad retirees and veterans who aren’t required to file a tax return; these will continue through May.
- Others who are not required to file tax returns, such as low-income individuals, were encouraged to file basic information on the IRS website. Without this information, the government cannot issue a payment.
- Anyone who is eligible but does not have direct deposit information on file will be mailed a check. Those began to go out in late April, but that process might take several months because of distribution limitations.
- All payments were prioritized in order from lowest income to highest income.
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