Americans could start receiving the latest round of economic stimulus payments recently approved by Congress in a matter of hours, according to the Treasury Department and the IRS, despite continuing wrangling over the final size of the payments.
The agencies said direct deposits for the latest round of discounts, which reach a maximum of $ 600 per person, could start landing in people’s bank accounts on Tuesday night and will continue to be sent out next week. The government will begin sending out paper checks on Wednesday.
Treasury Secretary Steven Mnuchin said last week that he expected the federal government to start making payments this week. But that was before President Donald Trump threw out both the Covid-19 relief measure and an spending deal by demanding stimulus checks of up to $ 2,000 per person, potentially blurring the dispatch schedule. money.