Americans could start receiving the latest round of economic stimulus payments that Congress recently approved in a matter of hours, according to the Treasury Department and the IRS, despite ongoing dispute over the final size of payments.
The agencies said direct deposits for the latest round of discounts, which reach a maximum of $ 600 per person, could start depositing into people’s bank accounts on Tuesday night and will continue to be sent out next week. The government will begin sending paper checks on Wednesday.
Treasury Secretary Steven Mnuchin said last week that he expected the federal government to start delivering payments this week. But that was before President Donald Trump launched the Covid-19 relief measure and a flow spending agreement, requiring stimulus checks of up to $ 2,000 per person, potentially confusing the timeline for sending the money.