IRS says new round of COVID relief payments on the way

[Omaha Steve]

Source: AP

By MARTIN CRUTSINGER

WASHINGTON (AP) — Along with daylight saving time, this weekend could bring Americans fatter bank balances.

Officials at the Treasury Department and Internal Revenue Service said Friday that processing of the new round of stimulus payments has already begun, with the aim of having the first payments start showing up in bank accounts this weekend.

President Joe Biden signed the new $1.9 trillion rescue package on Thursday, the day after it won final passage in the House. The measure provides for payments to qualifying individuals of up to $1,400, with payments to a qualifying family of four of $5,600.

“The payments will be delivered automatically to taxpayers even as the IRS continues delivering regular tax refunds,” IRS Commissioner Chuck Rettig said in a statement.



FILE - In this April 23, 2020 file photo, President Donald J. Trump's name is printed on a stimulus check issued by the IRS to help combat the adverse economic effects of the COVID-19 outbreak in San Antonio. Officials at the Treasury Department and Internal Revenue Service said Friday, March 12, 2021 that processing the new round of stimulus payments has already begun, with the aim of having the first payments start showing up in bank accounts this weekend. (AP Photo/Eric Gay, File)


Read more: https://apnews.com/article/joe-biden-business-personal-taxes-88ab43d37fa63489b2a6b0120b52390c

[SoCalNative]

1. Checked my acct

and show "pending" with anticipated date of the 17th..

[februari]

2. as soon as this weekend, I heard

Good.

[niyad]

5. Welcome to our DU family.

[PSPS]

3. Forget that. I'm mad as hell about Potato!!!1111!!1

[Grokenstein]

4. Should have waited to do my taxes.

But I did them early this year, and my state refund was about sixty bucks less than what I owed on my federal taxes.
DIDN'T CARE, JUST HAPPY TO BE ALIVE AND HAVE A DECENT PRESIDENT.

But I actually made more last year than in 2019, so according to the CNN calcuator I won't be getting the entire $1400, gonna lose a healthy chunk if they go by my 2020 taxes.
STILL DON'T CARE, JUST HAPPY TO BE ALIVE AND HAVE A DECENT PRESIDENT.

[dem in texas]

6. Way to Go Joe!

Filed our 2020 return on Turbo-tax a few days ago. Just checked our bank balance and the stimulus payment of $2800 is pending in our checking account. Yeah! It will pay for the insurance deductible for the fire in our house.

[Akoto]

7. Nothing in my acct yet. Physically disabled, this will help me a lot. n/t