The IRS will start direct deposits of the economic impact payment into millions of Americans' accounts as the coronavirus pandemic wears on.
The Internal Revenue Service will start directly depositing the economic impact payment—otherwise known as the stimulus check—directly into Americans' accounts for mid-April, around April 15.
For those who have not filed tax returns recently, the Treasury said it was developing"in the coming weeks" a web-based portal to allow these people to provide their bank details and receive immediately the economic impact payment rather than waiting for checks in the mail. Anyone else will have to wait for a paper check. The Washington Post reported that checks for lower-income individuals will be prioritized and mailed first, citing an internal IRS plan circulating internally.
The Treasury said social security recipients, who do not usually have to file a tax return to the IRS, will receive their economic impact payments directly and automatically into their accounts.
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