In a fight between the Democrats and Republicans, the IRS has forwarded information over to the House Democrats saying a handful of American’s will not get the CARES Act stimulus check for up to 5-months!
The earliest direct deposits made for the stimulus check will not begin till at least April 13th, according to CNN. For checks to be mailed, it could take up to 20-weeks (5-months) to reach every household in America for those elgible.
Direct deposits will finish in about 2-weeks following the April 13th anticipated start date.
The IRS told the House that they will make roughly 60-million direct deposits the week of April 13th.
If you are eligible and do not have valid direct deposit credentials used in your 2018 tax returns, it could take up to 5-months to get the stimulus check. Only 5-million checks will be printed and mailed weekly.
If you earn less than $75,000 per year, you will receive $1,200. If you are a couple and make $150,000 or less, you will receive $2,400. Each child will yield an additional $500.
If you make more than $99,000 individually, you will receive nothing.