ORLANDO, Fla. – The much-awaited stimulus payouts from the U.S. government -- prompted by the coronaviruspandemic -- will begin flooding into millions of bank accounts starting today (April 9), according to an internal plan circulated by IRS Treasury Secretary Steven Mnuchin.
Millions of Americans should receive as much as $1,200 as the first wave of payouts begins. The date of the payout varies based on individuals’ method of filing their taxes, the Washington Post reported.
Those who file electronically can have payments distributed more quickly. The IRS must print and mail paper checks to Americans who did not file taxes electronically.