- Part of the $2 trillion stimulus package from the US government is one-time cash payments of up to $1,200 to Americans who qualify.
- Those payments — coronavirus stimulus checks, let’s call them — will be paid automatically to Americans with Social Security numbers.
- If you filed taxes in 2018 or 2019, or you don’t file taxes but do get Social Security payments, you don’t have to do anything to get a payment.
- If you don’t file taxes or get Social Security, the IRS has mentioned it will set up a “simple web portal” to submit your information, though details on that are still coming. In the meantime, TurboTax has launched its own free web portal to submit direct-deposit information to the IRS.
- Americans who have set up direct deposits should get their payments by mid-April. Americans who are receiving paper checks may have to wait considerably longer.
- Read more personal finance coverage.
When President Donald Trump signed the Coronavirus Aid, Relief, and…