Time Ticking To Have $1,200 Stimulus Checks Direct Deposited

LOS ANGELES, CA – The Internal Revenue Service is reporting that about 130 million Americans have already received stimulus payments over the first four weeks of the program that has paid out more than $200 billion as residents continue to deal with the coronavirus pandemic. But, for those who haven’t yet seen a payment drop into their checking account, time is running out before the process of receiving money from the federal government slows considerably.

The IRS reported that eligible taxpayers have until noon on Wednesday to submit their direct deposit information into the Get My Payment website if they don’t wish their stimulus checks to arrive by way of the U.S. Postal Service. By using the website, taxpayers who filed tax returns in 2018 or 2019 as well as those receiving retirement or disability benefits will be informed when they can expect to receive their stimulus checks. For those who elect to receive the checks by mail, the IRS reports that checks will be sent in late May and into June.

“We're working hard to get more payments quickly to taxpayers," IRS Commissioner Chuck Rettig said in a statement. "We want people to visit Get My Payment before the noon Wednesday deadline so they can provide their direct deposit information. Time is running out for a chance to get these payments several weeks earlier through direct deposit."

As the deadline approaches, glitches with the Get My Payment site have been reported with people reporting receiving error messages or being informed that their payment status is not available at this time.

The stimulus payments are part of a $2 trillion package that was signed into law by President Donald Trump. It pays eligible taxpayers who made less than $75,000 in gross income $1,200. The payment decreases $5 for every $100 made over $75,000.