This week some Americans are finally seeing the stimulus checks being sent out by the Treasury Department via direct deposit as part of the massive $2 trillion stimulus package that was passed in order to provide financial relief to businesses and workers affected by COVID-19.
The Treasury Department said the first payments, to Americans who received their 2018 and 2019 tax returns via direct deposit, will be going out no later than April 15.
“‘We can confirm that payments are beginning to arrive in some Americans’ accounts,” a senior Treasury official told ABC News. “Treasury and the IRS have worked around the clock to get fast and direct economic assistance to hard working Americans.
During the 2008-2009 financial crisis, it took the government several months before the first stimulus payments were issued to the American people. This administration has done it in just two weeks,’” according to ABC News.
The Treasury is also making it so they automatically process payments for those on Social Security and helping retirement recipients who didn’t file a tax return in recent years.
“Millions more Economic Impact Payments will be issued via direct deposit in the weeks ahead as we issue payments to social security recipients and as other taxpayers provide banking information on the tools provided,” the statement continued. “We are working to secure the fast, secure and efficient delivery of payments to veterans, disabled, and other vulnerable populations,” ABC News reports.
The treasury is directing those who did not file a tax return for 2018 or 2019 to go to IRS.gov to enter their information so they can get their economic impact payments faster as well.
The Treasury also stated that it will launch a new app next week called “Get My Payment” to help speed along the delivery of the stimulus checks to those who haven’t received them yet.