Mnuchin was pretty confident at the end of the year, and I’m not kidding about the payments being nothing more than a file:
.@USTreasury has delivered a payment file to the @FederalReserve for Americans’ Economic Impact Payments. These payments may begin to arrive in some accounts by direct deposit as early as tonight and will continue into next week (1/2)
Paper checks will begin to be mailed tomorrow. Later this week, you can check the status of your payment at t.co/pFBzGzK8mD. (2/2)
And yet, apparently, there’s trouble with the payments!
bold added for emphasis and commentary):
The IRS recently began issuing a second round of stimulus payments to those eligible. Unfortunately, because of an IRS error,
Senate Majority Leader McConnell blocks effort to quickly increase direct stimulus payments cnn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cnn.com Daily Mail and Mail on Sunday newspapers.
Treasury timeline on $600 stimulus checks, who is eligible for more
What you need to know about next round of checks
Published:
Tags:
Stimulus checks.
A second, smaller round of stimulus checks are due to most Americans after President Trump signed off on a $900 billion coronavirus relief bill last weekend.
This round will be $600 compared to $1,200 earlier this year. A
Here’s what we know about the coming payments:
Who is eligible for the $600 checks?
You need a Social Security number to qualify for a relief check. Individuals earning up to $75,000, and couples earning up to $150,000 will receive the full amount. After that, the amount of the check then decreases by $5 for every $100 of income above those thresholds, phasing out completely at $87,000 for individuals and $174,000 for couples.
Treasury on when you could see $600 stimulus check, who is eligible for more
What you need to know about next round of checks
Published:
Tags:
Stimulus checks.
A second, smaller round of stimulus checks are due to most Americans after President Trump signed off on a $900 billion coronavirus relief bill last weekend.
This round will be $600 compared to $1,200 earlier this year. A
Here’s what we know about the coming payments:
Who is eligible for the $600 checks?
You need a Social Security number to qualify for a relief check. Individuals earning up to $75,000, and couples earning up to $150,000 will receive the full amount. After that, the amount of the check then decreases by $5 for every $100 of income above those thresholds, phasing out completely at $87,000 for individuals and $174,000 for couples.
Treasury secretary says $600 stimulus checks to begin distribution as soon as Tuesday night Share Updated: 7:09 AM EST Dec 30, 2020 National Desk Staff Share Updated: 7:09 AM EST Dec 30, 2020
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Show Transcript AND SECOND, BE AWARE THAT THE THOSE WHO QUALIFY FOR THE MONEY WILL BE DIFFERENT THAN LAST TIME. DOUG: THE TAXABLE INCOME THRESHOLD WILL BE $75,000 FO INDIVIDUALS AND $150,000 FOR A MARRIED COUPLE, BASED ON YOUR 2019 INCOME. PAUL LANE IS A CERTIFIED FINANCIAL PLANNER FOR THE ARMSTRONG ADVISORY GROUP IN NEEDHAM. HE SAYS THEY LEARNED A LOT ABOUT WHO DOES WHAT WITH THEIR STIMULUS CHECK BASED ON THE FIRST GO ’ROUND. STUDIES HAVE SHOWN FROM THE FIRST STIMULUS PAYMENT THAT HALF OF THE PEOPLE WHO RECEIVED IT, ALMOST 50%, THEY HAD LESS TH IF THEY HAD LESS THAN $500 IN THEIR BANK ACCOUNT, THE MONEY WENT OUT RIGHT AWAY. DOUG: IF YOU ARE IN THAT GROUP, PAUL SUGGESTS USING YOUR EXTRA CASH TO TAKE CARE OF THOSE IMMEDIATE A