The IRS and the Treasury Department are working together to get Economic Impact Payments to people. As many as 130 million people have received a combined $200 million in the four weeks since payments started the IRS reported.
For those who have not yet received payment, the IRS has set the deadline of Wednesday, May 13, at noon to submit your direct deposit information. After that deadline, the IRS will work with the Bureau of Fiscal Services to mail checks which should arrive sometime in late May or June.
Bank information can be submitted on the IRS website here.
The IRS and FBI have warned people to be alert about possible scams regarding the Economic Impact Payments. For more information on payments, the IRS directs people to its FAQ page.
The Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law on March 27 authorizing these Economic Impact Payments to Americans.
Contact Matt at mrasnic@iu.edu or on Twitter @Matt_Rasnic.
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