Stimulus checks, when?
President Joe Biden signed the $1.9 trillion COVID-19 stimulus package into law on Thursday afternoon.
“I believe this is, and most people do as well, historic legislation that is about rebuilding the backbone of this country, giving people who built this country a fighting chance,” Biden said moments before signing the bill.
This came after the House of Representatives gave its final approval on Wednesday. The bill includes $1,400 stimulus checks, billions of dollars to help schools and colleges reopen, and funding for vaccine distribution.
The final vote in the House was 220-211, with one Democrat and all Republicans opposing it, according to USA Today.
The $1.9 trillion legislation will provide most Americans earning under $75,000 a year a $1,400 stimulus check, provide billions for vaccine distribution and development, allocate aid for schools to reopen, and expand the child tax credit to up to $3,600 per child. Passage of the bill comes ahead of a Sunday deadline when a federal boost to unemployment benefits was set to expire.
Stimulus checks could start hitting bank accounts this weekend, The White House says.
You can track your stimulus check on the IRS’s Get My Payment site.
What does the $1.9 trillion COVID-19 relief bill include?
- $1,400 direct payments to most Americans
- $400 per week jobless benefit supplement and an extension of programs making millions more Americans eligible for unemployment insurance.
- $20 billion towards COVID-19 vaccinations
- $50 billion into testing
- $350 billion into state, local and tribal government relief
What if I didn’t receive my previous checks?
According to the IRS, if you didn’t get the full Economic Impact Payment, you may be eligible to claim the Recovery Rebate Credit.
How will the IRS know where to send my Payment?
If you received direct deposit of your refund based on your 2020 tax return (or 2019 tax return if you haven’t filed your 2020 tax return), the IRS has sent your Payment to the bank account provided on the most recent tax return.
The IRS on Friday officially started accepting tax returns on February 12, with the filing window closing on its customary date of April 15.
Making distribution of the stimulus checks possible in the middle of tax season, which could affect how much you could get — especially households that lost income last year or who had a child in 2020.
According to the IRS, the IRS department relies on each individual’s most recent tax filing to determine their stimulus check payment.