As soon as April 15, the first economic stimulus checks of up to $1,200 will start to go out for eligible taxpayers, beginning with people who have direct deposit set up with the IRS.
You’ll be able to track your payment with the IRS, through a tool called Get My Payment that the agency will have on its website by April 17.
But just because the checks begin to arrive this week doesn’t mean that everyone will get their stimulus money on the first day. Those who’ve set up direct deposit with the IRS can expect to get their stimulus payment faster.
These one-time stimulus payments are part of a $2 trillion 2020 coronavirus relief package intended to help you pay your expenses and spur the flagging economy, as people lose their jobs and businesses shutter as a result of the coronavirus pandemic.