Coronavirus stimulus checks: 88 million Americans received money so far

[littlemissmartypants]

Coronavirus stimulus checks: 88 million Americans received money so far
Denitsa Tsekova
April 24, 2020, 3:45 pm

Around 88.1 million Americans have received their stimulus check payments, according to new data by the Internal Revenue Service, with the average amount totaling $1,791.

So far, the issued payments are worth $158 billion in total.

"The IRS, Treasury and partner agencies are working non-stop to get these payments out in record time to Americans who need them," said IRS Commissioner Chuck Rettig in a statement. "Tens of millions of people across the country are receiving these payments, and millions more are on the way.”

The state-by-state distribution of payments aligns with population. California, Texas, and Florida — the three most populous states — have received the most individual payments and the largest total amount in stimulus worth $15.9 billion, $14.4 billion, and $11 billion, respectively.

As part of the $2 trillion stimulus package, a total of $250 billion is being distributed to Americans’ wallets to help them financially ride out job loss, reduced work hours, and other money hardships they’re facing.

About 175 million Americans are eligible for the payments, according to the White House, meaning about half of those eligible have gotten their payments so far.

More at the link.

https://money.yahoo.com/coronavirus-stimulus-checks-88-million-americans-received-money-so-far-194515175.html

❤lmsp

[jimfields33]

1. None for me in Florida yet

But I’m getting the check supposedly.

[stopbush]

2. Haven't seen ours yet.

[Matthew28]

3. zero for me

[littlemissmartypants]

4. Excerpt: When are you getting the payment?

Snip...
This week, the IRS starts sending paper checks on a weekly basis to individuals whose direct deposit information isn’t on file.

Paper checks will be issued at a rate of about 5 million per week, meaning it could take up to 20 weeks to issue all the checks expected to be mailed.

The checks will be issued in reverse “adjusted gross income” order — starting with people with the lowest incomes first. Taxpayers with income up to $10,000 will be the first to get their checks, which are expected to arrive by April 24.

Americans with income up to $20,000 are expected to get their checks by May 1, while those with income up to $40,000 by May 15. The rest of the checks will be issued by gradually increasing income increments each week. Households earning $198,000 who file jointly will get their reduced checks on Sept. 4. The last group of checks will be sent on Sept. 11 to those who didn’t have tax information on file and had to apply for checks.

Social Security and other benefits recipients who haven’t filed taxes in the last two years will receive their automatic payment at the end of April.
Snip...

[Cicada]

5. IRS.gov get my payment works now

At least I could enter my bank info so I won’t have to wait for a physical check.

Physical checks week one right now, tax return adjusted gross incomes less than $10,000. Week 2 checks agis less than $20,000. Next week up to $30,000. On and on. But if you enter bank info it should only take maybe a week?

[littlemissmartypants]

6. kicking. ❤ nt