Positive News Today

Positive News Today
Global Events

Treasury will begin sending the $600 stimulus checks.

January 4, 2021016
Share0

Advertisement

Continue reading the main story

Dec. 29, 2020, 6:45 p.m. ET

Dec. 29, 2020, 6:45 p.m. ET

By Deborah B. Solomon

Treasury Secretary Steven Mnuchin, in a tweet, said that the government had begun the process of getting money to individuals through direct deposit payments. Treasury Secretary Steven Mnuchin, in a tweet, said that the government had begun the process of getting money to individuals through direct deposit payments.Credit…Anna Moneymaker for The New York Times

While Congress continues to spar over whether to increase the size of stimulus payments to $2,000, the Treasury Department on Tuesday said it would begin depositing $600 checks into Americans’ bank accounts as early as Tuesday evening.

Treasury Secretary Steven Mnuchin, in a tweet, said that the government had begun the process of getting money to individuals through direct deposit payments, while paper checks would start to be mailed on Wednesday.

The $600 checks are part of the $900 billion stimulus bill that President Trump signed into law on Sunday.

The money is expected to flow faster than the initial round of $1,200 checks that lawmakers approved in March because the Internal Revenue Service and Treasury already have the necessary information — including who qualifies for a payment and how they want their money delivered.

Individual adults with an adjusted gross income of up to $75,000 a year on their 2019 tax returns will receive a $600 payment. A couple (or someone whose spouse died in 2020) earning up to $150,000 a year will get twice that amount. There is also a $600 payment for each child for families who meet those income requirements.

[Read more about the stimulus checks and how to receive them.]

The Treasury Department said the payments would be distributed automatically “with no action required for eligible individuals.” If lawmakers do agree to increase the size of the checks, the Treasury said the money issued “will be topped up as quickly as possible.”

Individuals can check the status of their payments “later this week” at the website IRS.gov/GetMyPayment.

Continue reading the main story

Source

Share0
previous post
Concerns About Coronavirus Variant Cut Off U.K. From Europe
next post
Lenders of Jhabua power plant are locked in tough negotiations with NTPC

Related posts

Environmental News Network – Report Provides New Framework for Understanding Climate Risks, Impacts to U.S. Agriculture

TheEarthLabJuly 31, 2020

‘Like a Hand Grasping’: Trump Appointees Describe the Crushing of the C.D.C.

TheEarthLabDecember 26, 2020

What the Vaccine Side Effects Feel Like, According to Those Who’ve Gotten It

TheEarthLabJanuary 5, 2021
Click to comment

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

Recent Posts

  • Chicago Man Goes Around Buying All of Vendors’ Tamales in Frigid Temps Then Gives Them to Homeless
  • Government panel to meet today to examine widening dosage gap of Covishield
  • National curriculum should have chapters on history and culture of N-E region: Pema Khandu
  • Lloyd’s insurer Brit says it will not insure Adani coal mine
  • Cuomo Accused of Unwanted Advance at a Wedding: ‘Can I Kiss You?’

Archives

  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020

Subscrible

Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!

  • News
  • Projects
  • About
  • Contact
  • TV Pitch
FacebookTwitterInstagram
@2020 - thelab.earth. All Right Reserved.
theLAB.earth
  • Global
    • Global News
    • Global Media
    • Global Events
    • Global Projects
  • Energy
    • Energy News
    • Energy Media
    • Energy Events
    • Energy Projects
  • Water
    • Water News
    • Water Media
    • Water Events
    • Water Projects
  • Human Kindness
    • Human Kindness News
    • Human Kindness Media
    • Human Kindness Events
    • Human Kindness Projects
  • Projects
logo
  • Global
    • Global News
    • Global Media
    • Global Events
    • Global Projects
  • Energy
    • Energy News
    • Energy Media
    • Energy Events
    • Energy Projects
  • Water
    • Water News
    • Water Media
    • Water Events
    • Water Projects
  • Human Kindness
    • Human Kindness News
    • Human Kindness Media
    • Human Kindness Events
    • Human Kindness Projects
  • Projects
@2020 - thelab.earth. All Right Reserved.
FacebookTwitterInstagram