Qualifying single tax filers will receive up to $600 each, and married joint filers will receive up to $1,200 — plus $600 for each child dependent. The money isMost people canDistribution of a second round of stimulus checks can happen swiftly since the necessary channels are already in place from the last round of relief.
The new legislation requires the IRS and the Treasury to stop sending payments by January 15. If your payment has not been issued by that date — either by direct deposit, paper check, or prepaid debit card — you canIn the first round of stimulus checks, the IRS sent most payments by direct deposit or paper check and later introduced
, which were sent to about 4 million people. Direct deposit is the fastest method of delivery, but debit cards make the money more widely available, primarily to households without a bank account.The IRS developedearlier this year where Americans could track the status of their stimulus payment. The tool is being updated to reflect the latest legislation and will reopen soon.
I hope they update the tool to update banking info. We no longer bank where we did for the last stimulus due to our account being hacked, so if they don't allow the space to update information, my family won't get our check. A tax credit does subzero to help in an emergency.