Some virus stimulus checks may not arrive until September
Some people counting on $1,200 stimulus checks from the government may not see the money until mid-September, according to a House Ways and Means Committee analysis.
The Internal Revenue Service will begin making about 60 million direct deposit payments in mid-April to the people who have bank account information on file with the agency, according to the analysis sent to lawmakers on Wednesday.
Those payments will take about three weeks to process. The IRS then will begin putting paper checks in the mail in early May.
The IRS will send approximately 100 million checks at a rate of 5 million per week, which could take 20 weeks, according to the committee’s document, meaning the final round of payments may not go out until September. The checks will be issued in reverse “adjusted gross income” order -- starting with people with the lowest income first.
https://www.msn.com/en-us/money/markets/some-virus-stimulus-checks-may-not-arrive-until-september/ar-BB125CUk?li=BBnb7Kz
