When do stimulus checks go out? This is a question that has been on the minds of many Americans since the COVID-19 pandemic began. The government has implemented various economic relief measures to support individuals and businesses affected by the crisis. One of these measures is the distribution of stimulus checks, which provide financial assistance to eligible recipients. In this article, we will explore the timeline for when these checks are typically sent out and the factors that may affect their delivery.
The first round of stimulus checks, commonly referred to as Economic Impact Payments, was authorized by the CARES Act in March 2020. These checks were designed to provide immediate financial relief to individuals and families facing economic hardship due to the pandemic. The amount of each check was based on the recipient’s filing status, age, and number of dependents.
When do stimulus checks go out?
The first stimulus checks were sent out in early April 2020. The IRS used the information from taxpayers’ 2019 tax returns to determine eligibility and calculate the amount of each check. For those who had not filed a tax return for 2019, the IRS used their 2018 tax return information. The IRS aimed to send out these checks as quickly as possible, but the process was not without its challenges.
Timeline for stimulus checks:
– Early April 2020: The first round of stimulus checks were sent out.
– Mid-April to early May 2020: The IRS continued to send out checks to eligible individuals who had already filed their 2019 tax returns.
– May to June 2020: The IRS began sending out checks to individuals who had not yet filed their 2019 tax returns, using their 2018 information.
– December 2020: The second round of stimulus checks were authorized by the Consolidated Appropriations Act, 2021. These checks were sent out in the same manner as the first round.
– March 2021: The third round of stimulus checks were authorized by the American Rescue Plan Act. These checks were also distributed using the same process as the previous rounds.
Factors affecting stimulus check delivery:
Several factors can affect the timing of when stimulus checks are sent out. These include:
– Tax filing status: Those who have already filed their tax returns are more likely to receive their stimulus checks sooner than those who have not.
– Direct deposit information: Individuals who have provided the IRS with their direct deposit information can expect to receive their checks more quickly than those who have not.
– IRS processing time: The IRS may experience delays in processing checks due to high volumes of requests or technical issues.
In conclusion, the answer to “when do stimulus checks go out” depends on various factors, including the recipient’s tax filing status and the IRS’s processing time. While the IRS has made efforts to distribute these checks as quickly as possible, it is important for individuals to stay informed about the latest updates and be patient during the process.
