Direct payments to Americans could start hitting bank accounts this week

The first direct payments from the American Rescue Plan Act of 2021 are expected to start hitting bank accounts as early as this week. The payments, which are part of a $1.9 trillion economic stimulus package passed by Congress in March, are designed to help Americans who have been struggling financially during the COVID-19 pandemic.

Who will get the money?

The direct payments will be sent to most Americans who filed a tax return for 2020. The payments will be based on the 2020 tax return, even if you have already filed your 2021 return. The amount of money you receive will depend on your income and family size.

How much money will I get?

The amount of money you will receive will depend on your income and family size. Single filers with no dependents will receive $1,400. Married couples filing jointly with no dependents will receive $2,800. For each dependent, you will receive an additional $1,400.

When will I get the money?

The IRS expects to start sending out the direct payments as early as this week. The payments will be sent out in batches, so not everyone will receive their money at the same time. If you don’t receive your payment by the end of March, you can check the IRS website for more information.

What if I didn’t file a tax return in 2020?

If you didn’t file a tax return in 2020, you can still get the direct payment. You can file a 2020 tax return with the IRS to get the money. You can also use the IRS’s Non-Filers Tool to get the money.

What if I have questions?

If you have questions about the direct payments, you can visit the IRS website or call the IRS at 1-800-829-1040.

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