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Economic Impact Payments are expected to begin by April 17, 2020 and paper checks will start to be mailed out on April 24, 2020, according to multiple sources.
Treasury Secretary Steven Mnuchin said on April 2 that qualified taxpayers who have their direct deposit information on file will get their payment "within two weeks." An article by NBC News also said that it obtained a memo stating the start of payments was “likely” to be the week of April 13. These both suggest the same timeframe.
If you have not given the IRS your direct deposit information, The Washington Post reported on April 2 that paper checks won't be mailed until April 24. It could take almost five months to issue all paper checks.
Taxpayers with the lowest income will receive checks first. These are the dates the IRS plans to mail checks for those who earn under the amount of each income tier:
April 24: $10,000May 1: $20,000May 8: $30,000May 15: $40,000May 22: $50,000May 29: $60,000June 5: $70,000June 12: $80,000June 19: $90,000June 26: $100,000July 3: $110,000July 10: $120,000July 17: $130,000July 24: $140,000July 31: $150,000August 7: $160,000August 14: $170,000August 21: $180,000August 28: $190,000September 4: $198,000
If you’re not set to receive your payment when it starts being sent out to taxpayers, don’t worry. The IRS assures on its website that payments will be available throughout the rest of 2020.
More information about the government stimulus payment can be found here:
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