This week was supposed to include Tax Day, when personal income taxes are traditionally due.
Instead, it marked a different big milestone: the beginning of the coronavirus stimulus payments.
Now, Congress has updated its timeline on when subsequent rounds of payments can be expected. Here’s the latest, according to the House Ways and Means Committee.
Who gets paid first
This week, more than 80 million Americans are expected to receive payments via direct deposit into their bank accounts, according to the Treasury Department.
That direct deposit information will come from either their 2018 or 2019 tax returns.
People who receive Social Security or Supplemental Security Income (SSI) benefits who filed returns that included their direct deposit information should receive their payments at this time.
Who’s next in line
From there, the government will send out more money, first via direct deposits and then by mailed paper checks.
Individuals who have direct deposit information on file will get…
