If you’re anxiously checking your bank account hoping for a much-needed deposit, don’t worry, you’re not alone. An estimated 80 million people will get their stimulus payments via direct deposit this week, CNN reported, citing the Treasury Department. [DIDN’T FILE? Here’s how you can get your stimulus check faster and electronically] The payments are part of the $2.2 trillion rescue package signed into law last week by President Donald Trump aimed at combating the economic ravages of the coronavirus outbreak.
Anyone earning $75,000 or less will receive $1,200 as a direct deposit into their bank account, distributed by the IRS. Married couples who make less than $150,000 a year will receive $2,400 plus $500 for every child under 17.