April 15 (UPI) — The IRS rolled out a new tool Wednesday that allows Americans to check the status of their stimulus payments, and tens of millions are expected to have their money by the end of the day.
The agency launched the “Get My Payment” web page, where Americans can track their payments by entering tax return information for either 2018 or 2019.
The U.S. Treasury began depositing the payments electronically last Friday. The first recipients are eligible U.S. taxpayers who filed a tax return for either of the last two years. For those, the funds will automatically appear in their bank accounts for the next few weeks.
Treasury Secretary Steven Mnuchin said 80 million Americans should have received their money by the end of Wednesday, and a “large majority” will receive theirs over the next two weeks.
Mailed paper checks, which take longer to deliver, will start going out “before the end of April,” Mnuchin said.
The stimulus payments, part of the $2.2 trillion CARES Act enacted last month, will amount to $1,200 per adult for those whose income is less than $75,000. The amount gradually decreases for Americans who make between $75,000 and $99,000. Those who earn more will not receive stimulus funds. The Treasury will also pay $500 per child under 17 years old, and the maximum payment is $4,200.
Those who receive physical checks might notice something unprecedented. The Washington Post reported Tuesday that the Treasury ordered the checks to display President Donald Trump’s name on the “memo” line. CNN reported that it was a last-minute addition by the Treasury.
Trump would be the first president to have his name appear on an IRS check.
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