On Monday, CNBC reported that the Treasury Department anticipates being able to start delivering the $600 direct stimulus payments included in the COVID relief legislation by the end of this week, according to a senior Treasury Department official.
In response to Trump’s calls for a $2,000 payment to Americans, the House of Representatives voted 275-134 Monday evening to approve legislation which increases stimulus checks to $2,000 for eligible Americans.
“The President must immediately call on congressional Republicans to end their obstruction and to join him and Democrats in support of our stand-alone legislation to increase direct payment checks to $2,000, which will be brought to the Floor tomorrow,” said House Speaker Nancy Pelosi in a statement after Trump signed the stimulus legislation Sunday evening. “Every Republican vote against this bill is a vote to deny the financial hardship that families face and to deny the American people the relief they need.”
UpdatedWed, Dec 30, 2020 at 1:46 pm ET
Replies(99)
Senate Majority Leader Mitch McConnell blocked a vote Tuesday to increase stimulus payments to $2,000. (Shutterstock)
MASSACHUSETTS The latest stimulus payments were set to arrive as early as Tuesday night for some Massachusetts residents and will continue into next week, according to the Treasury Department and Internal Revenue Service.
Paper checks will begin to be mailed Wednesday.
Most people will receive a non-taxable payment of $600. Full payments will go to people who meet the following thresholds for adjusted gross income based on 2019 tax returns: $75,000 for single filers, $112,500 for heads of household and $150,000 for those married filing jointly. After those thresholds, the payments decrease and won t be available for single filers who earned more than $99,000. Adults also get $600 for each child they claim as a dependent.
$600 stimulus checks now being distributed, Treasury Secretary says
The U.S. Treasury reportedly began distributing the $600 stimulus payments into bank accounts Tuesday night, according to a pair of tweets from U.S. Treasury Secretary Steve Mnuchin.
This comes on the heels of President Trump signing the $900 billion Covid relief bill, the second such legislation passed this year due to economic fallout from the pandemic. How quickly it arrives in local bank accounts is uncertain. Some may have already received the payment. Others should see payments arrive by later this week and into next week. Paper checks will be mailed out Wednesday to those who do not have their account information on file with the Internal Revenue Service.
Americans have started getting $600 Covid stimulus payments TODAY as Trump calls for $2,000 checks ASAP
Updated: 30 Dec 2020, 15:42
Invalid Date,
AMERICANS have started receiving their $600 stimulus checks - but President Trump has demanded increased payments of $2000 come ASAP .
The stimulus checks are providing much needed economic relief as unemployment hit a record high thanks to the coronavirus pandemic engulfing the nation - but there has been resistance against President Trump s aim to increase payments.
3
US Treasurer Steve Mnuchin said that Stimulus checks had been sent out as early as Monday nightCredit: AP:Associated Press
3
Donald Trump s push to increase payments to $2000 was approved by Democrats - but was blocked by Majority leader Mitch McConnellCredit: AP:Associated Press