Breaking News: Washington, DC: United States Secretary of the Treasury announces $600 COVID-19 pandemic relief stimulus check direct deposits could start going out tonight.

By: Zachary Lopez (ZachNews):

Sources: Steven Mnuchin with the United States Secretary of the Treasury and Internal Revenue Service (Information):

Washington, District of Columbia: Steven Mnuchin with the United States Secretary of the Treasury announced on Tuesday, December 29th, 2020 that $600 COVID-19 pandemic relief stimulus check direct deposits could start going out tonight.

Posting on Twitter, Steven Mnuchin, “.@USTreasury has delivered a payment file to the @FederalReserve for Americans’ Economic Impact Payments. These payments may begin to arrive in some accounts by direct deposit as early as tonight and will continue into next week. Paper checks will begin to be mailed tomorrow. Later this week, you can check the status of your payment at http://IRS.gov/GetMyPayment.”

In a press release today, the Treasury Department and the Internal Revenue Service will begin delivering a second round of Economic Impact Payments to millions of Americans as part of the implementation of the Coronavirus Response and Relief Supplemental Appropriations Act of 2021. The initial direct deposit payments may begin arriving as early as tonight for some and will continue into next week. Paper checks will begin to be mailed tomorrow, Wednesday, December 30. This second round of payments will provide critical economic support to those who, through no fault of their own, have been adversely impacted by the COVID-19 pandemic.

“Treasury and the IRS are working with unprecedented speed to issue a second round of Economic Impact Payments to eligible Americans and their families. These payments are an integral part of our commitment to providing vital additional economic relief to the American people during this unprecedented time,” said Secretary Steven T. Mnuchin.

Eligible individuals will receive an Economic Impact Payment of up to $600 for individuals or $1200 for married couples and up to $600 for each qualifying child. Generally, if you have adjusted gross income for 2019 up to $75,000 for individuals and up to $150,000 for married couples filing joint returns and surviving spouses, you will receive the full amount of the second payment. For filers with income above those amounts, the payment amount is reduced.

This second round of payments will be distributed automatically, with no action required for eligible individuals. If additional legislation is enacted to provide for an increased amount, Economic Impact Payments that have been issued will be topped up as quickly as possible.

The swift issuance of this second round of payments follows the successful delivery of more than $270 billion in CARES Act Economic Impact Payments earlier this year, providing crucial economic support to nearly 160 million Americans.

Later this week, you may check the status of your payment at: https://www.irs.gov/coronavirus/get-my-payment.

For more information about Economic Impact Payments, please visit: https://www.irs.gov/coronavirus/economic-impact-payments.

More information is still coming into ZachNews.

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