The IRS has a helpful tool called ' Get My Payment' to track the status of your stimulus check. For most people, it won't take nearly that long. The legislation says the government technically has until the end of 2021 to distribute the money. At least that was the case for the previous two payments. Paper checks and debit cards, which have to be mailed, can take weeks.
In general, direct deposits arrived more quickly. Over 75 percent of the direct payment money in the recent package has already been distributed. The President has stated that roughly 85 percent of Americans will ultimately receive money.
Those early recipients tended to be people who had bank accounts on file and submitted recent tax returns. And people noted economic impact payment (EIP) deposits in their bank accounts within days. The IRS, which had twice distributed stimulus checks, started the process again immediately. The American Rescue Plan Act became law ahead of the March 14 deadline, when the previous $300 federal unemployment benefit bonus expired. Many factors could contribute to their longer wait. While most people have already received their share of the $422 billion set aside for stimulus checks, others are still awaiting theirs.
The package also extends unemployment benefits, strengthens the child tax credit, and much more. The American Rescue Plan Act looks to cushion COVID's economic impact and support the economy while it recovers from the pandemic. The relief payment, worth up to $1,400 per person, is a key part of President Biden's $1.9 trillion economic relief package.
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