When can consumers expect to receive their coronavirus stimulus checks?

Daniel Fowler
March 27, 2020

On Wednesday night the Senate unanimously passed the historic $2 trillion stimulus package aimed at helping working people, families and businesses during the coronavirus pandemic.

How much money are we getting?

The rescue package will allow for the government to send checks to American households in the middle class and lower income levels. It is created to provide payment to those not traditionally eligible for unemployment benefits, including self-employed workers, independent contractors, and those with limited work history, who are unable to work as a direct result of the coronavirus public health emergency. Mind you, a lot of it will go toward bailing out tax-dodging corporations (including cruise lines) instead of hardworking Americans, many of whom need help keeping their children fed and lights on due to job furloughs, unsympathetic landlords, and student loan officers.

Get all the latest news on coronavirus and more delivered daily to your inbox. Couples and "head of household" single parents will also get $500 per child. The 880-page measure is the largest economic relief bill in USA history. Those checks will amount to $1,200 for single individuals and more for married couples and for parents, along with other payments.

"Married couples are eligible for a $2,400 check as long as their adjusted gross income is under $150,000 a year". According to the Senate analysis, your rebate will drop by $5 for each $100 you make above $75,000.

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The IRS will use either your 2019 tax returns, if they're already filed.

According to the Tax Policy Center, about 90% of Americans will qualify for a payment. There has also been the idea of an April 6 date to start sending payments, though most consider that unlikely. That's expected to be a relatively small share of people, and the money would not have to be paid back until April 15, 2021.

Treasury Secretary Steven Mnuchin echoed that request, saying they hope to start issuing checks within three weeks, with the remainder of the checks to be mailed by the end of May.

Although Trump and Mnuchin are pushing to begin sending out stimulus checks in as little as two or three weeks after the bill is finalized, experts say six weeks from now is likely the earliest consumers can expect to receive their checks.

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