Consumer Stimulus Payments Expected This Week

People with direct deposit on file with the IRS will be among the first to get coronavirus relief funds when stimulus payments start going out this week, according to numerous reports Sunday (April 12). A senior Treasury Department official told NBC News that tens of millions of people using direct deposit will see money by Wednesday (April 15). Initial payments had already started being deposited into bank accounts on Friday night (April 10), the official said. “We know many people are anxious to get their payments; we’ll continue issuing them as fast as we can,” the IRS tweeted on Saturday (April 11). People who have not filed tax returns for 2018 or 2019 or do not have direct deposit on file with the IRS, will likely have to wait weeks or months to get a payment, CNN reported. The IRS is urging taxpayers who haven’t filed yet to do so fast — including people who don’t typically file a tax return, such as individuals earning less than $12,200 in 2019.