Donald Trump signed a coronavirus relief bill that will send a second round of stimulus checks to qualifying Americans across the country. This round of checks will be $600 a piece, but when can you expect your check to drop?
The good news is that you could receive your payment as early as today.
United States Secretary of Treasury Steve Mnuchin announced that the Federal Reserve has already begun making direct deposits for the Economic Impact Payments as early as Tuesday night.
Paper checks, meanwhile, will begin going in the mail on Wednesday, December 30.
“[The US Treasury] has delivered a payment file to the [Federal Reserve] for Americans’ Economic Impact Payments,” Mnuchin wrote on Twitter. “These payments may begin to arrive in some accounts by direct deposit as early as tonight and will continue into next week.
Paper checks will begin to be mailed tomorrow. Later this week, you can check the status of your payment at https://t.co/pFBzGzK8mD. (2/2)
— Steven Mnuchin (@stevenmnuchin1) December 29, 2020
Individual taxpayers who make less than $75,000 are eligible for $1,200 checks, while married couples filing jointly who make less than $150,000 will receive $2,400.
$600 will also be paid for all dependent children under the age of 17.
Those who do not receive their tax returns via direct deposit will still receive stimulus checks by mail.