According to the Treasury Department and the IRS, Americans were able to begin receiving the final round of economic stimulus payments that Congress recently approved within hours, despite the ongoing battle over the final size of the payments.
The agencies said direct deposits for the latest round of rebates, with a maximum of $ 600 per person, could start landing in people’s bank accounts on Tuesday night and continue next week. The government will start sending paper checks on Wednesday.
Treasury Secretary Steven Mnuchin said last week that he expects the federal government to start making payments this week. But that was before President Donald Trump set in motion the Covid-19 relief measure and a spending deal by demanding incentive checks of up to $ 2,000 per person, which could potentially narrow the timeline for sending out the money.