I Received a Stimulus Check Today: How to Get Yours
The Coronavirus Aid, Relief and Economic Security Act, commonly referred to as the CARES Act, is in full swing.
According to USA Today, if you earn over $99,000 you will not be receiving a stimulus check. Checks also start to phase out for those earning over $75,000 a year, or $150,000 for a joint household.
Individuals earning under $75,000 are eligible for a payment up to $1,200, with an added $500 for each qualifying child.
According to the Treasury Department and USA Today, some 50 to 70 million Americans can expect their checks through direct deposit by April 15.
My friend received his check a few weeks ago and I got mine Monday, which makes sense because my bank emailed me stating that the checks are going out in waves.
From what I have gathered, the amount granted to you by the CARES Act is tied to your tax returns. But if you didn't file this year, then your check will be determined by your 2018 taxes or you'll need to provide the IRS with enough information to know where to send your check and how much you'll get. You can do this through the IRS' web portal here.
If you didn't opt in to have your tax return sent by direct deposit, then you will get your check in the mail, which may take some more time.