Consumer Watch: When Will You Get Your Stimulus Money?
A SECOND ROUND OF STIMULUS PAYMENTS ARE ON THE WAY! SO, WHEN AND HOW WILL THOSE WHO ARE ELIGIBLE RECEIVE THE MONEY?
(CNN) – A second round of stimulus payments are on the way, so when will eligible individuals and families receive the money?
In a sweeping pandemic aid bill passed just before Christmas; Congress approved $600.00 stimulus payments for each eligible person.
The first of those payments started going out on December 29th, you may have seen it pending in your account, but the funds officially became available Monday.
The payments will continue to be sent through January 15th.
But, anyone eligible who isn’t automatically sent the money by then, will have to claim it on their 2020 tax return, according to the IRS.
Paper checks or debit cards will be sent to those who don’t already have a bank account on file with the IRS.
Checks also began going out last week.
People can check the status of both their first and second stimulus payments by using the Internal Revenue Service’s Get My Payment online tool.
Some people may not receive the money the same way as in the first round.
If you were sent a preloaded debit card last year, the payment will not be added to that card.
You’ll either receive a new card in the mail or a paper check.