WASHINGTON (NEXSTAR) — President Joe Biden signed into law the $1.9 trillion relief package on Thursday, which means checks are on the way.
The COVID-19 relief bill will send $1,400 direct payments to most Americans. The Internal Revenue Service has set up a website where you can track your payment.
To check on your payment, click here.
With the deal done, here are two big questions related to stimulus payments on the minds of Americans:
How much money will I get?
The $1.9 trillion legislation package provides a direct payment of $1,400 for a single taxpayer, or $2,800 for a married couple that files jointly, plus $1,400 per dependent. Individuals earning up to $75,000 would get the full amount, as would married couples with incomes up to $150,000.
The size of the check would shrink for those making slightly more, with a hard cut-off at $80,000 for individuals and $160,000 for married couples.
Biden estimates that 85% of Americans will be eligible for the payment. Some groups that were not eligible for prior payments — such as dependent college students and disabled adults — are now eligible.
U.S. residents with a social security number can qualify for a stimulus check, however, certain people who didn’t file taxes recently may still receive a payment.
When will I get the money?
It’s possible some people connected to the IRS through direct deposit could see payments as soon as next week.
With two rounds of checks already going out since the beginning of the pandemic, the Treasury Department already has the process and workflow in place to distribute relief payments. Based on the last round of $600 checks, it’s likely funds could go out in a matter of days. However, this will be the first time money has been distributed under the Biden administration.
The new president has been willing to commit to the idea of payments starting this month.
“That means the mortgage can get paid. That means the child can stay in community college. That means maintaining the health insurance you have,” Biden said. “It’s going to make a big difference in so many lives in this country.”
White House Press Secretary Jen Psaki said earlier this week the administration is doing everything in its power to expedite payments. As such, the Treasury is working to get more payments to taxpayers by direct deposit. The agency will be able to send direct deposit payments to those who have their information on file from 2019 or 2020 tax filings or who provided it through other programs.
The Associated Press contributed to this report.
