It’s official. We’ll have to wait until after thefor a to receive funding. Once it’s approved, however, the IRS is expected to send out money in waves according to different priority groups, which is how the agency delivered the . In fact, some people for that first check, even as a second payment , along with other aid.
We know some details about the process, like that yourcould be bigger if you have and that even more rules will be revealed in . So what’s the strategy for sending out payments and when’s the soonest the first checks could come? How long will you have to wait for yours? We’ll explain everything we all need to know. This story updates often.
Treasury Secretary Steven Mnuchin has said it would take about a week to process the first payments, when and if another stimulus check is signed into law. “I can get out 50 million payments really quickly. A lot of it into people’s direct accounts,” he said in August. But that doesn’t mean your stimulus money will arrive a week after a bill goes live.
These dates, which are speculative, map out when you might possibly see a check if a bill becomes law in the period after the Nov. 3 election and before or after Inauguration Day on Jan. 20, including Dec. 11, the deadline to pass the next federal budget.
What do the IRS’ payment groups mean?
The IRS has so far sent money to at least 160 million people three different ways, starting with people who filed for direct deposit. Some people with more complicated personal situations are Read more>>or even for . This creates a de facto priority order that could lead some Americans to receive their checks days or even weeks before others…