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IRS deposits first wave of stimulus checks

Deposits will continue in the days ahead, starting with people who have filed tax returns for 2018 or 2019 and authorized direct deposit.

Posted: Apr 11, 2020 10:45 PM

The Internal Revenue Service sent out the first wave of stimulus checks to Americans on Saturday, the agency said.

"#IRS deposited the first Economic Impact Payments into taxpayers' bank accounts today. We know many people are anxious to get their payments; we'll continue issuing them as fast as we can," the IRS wrote Saturday evening on Twitter.

Deposits will continue in the days ahead, starting with people who have filed tax returns for 2018 or 2019 and authorized direct deposit. Others -- including people who haven't filed returns, authorized direct deposits, or receive Social Security -- will probably have to wait weeks or months before seeing their money.

The distributions are part of the $2.2 trillion economic relief package passed by Congress in March.

Under the economic relief package, individuals are due up to $1,200 and couples will receive up to $2,400 -- plus $500 per child. But payments start phasing out for individuals with adjusted gross incomes of more than $75,000. The amount will then be reduced by $5 for every additional $100 of adjusted gross income, and those making more than $99,000 will not receive anything. The income thresholds would be doubled for couples.

For those who haven't filed a return for either 2019 or 2018, the IRS urges them to do so quickly including for those who don't normally need to file a tax return. That includes individuals who earned less than $12,200 in 2019 and couples who earned less than $24,400.
Meanwhile, the IRS expects to start issuing paper checks the week of May 4, according to the House Democratic memo.

The paper checks will be issued at a rate of about 5 million per week, the memo says. Individuals with the lowest income, based on adjusted gross income, will receive their checks first.

In the past, it has taken longer to send checks than make direct deposits. In 2008, when the government distributed similar stimulus money, deposits were made over a three-week period, while paper checks were sent through the mail over a 10-week period.

According to the legislation, the IRS has until the end of 2020 to transfer the payments.

This story has been updated with more details about the federal stimulus checks.

CNN's Katie Lobosco and Tami Luhby contributed to this report.

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Alabama Coronavirus Cases

Confirmed Cases: 136549

Reported Deaths: 2378
CountyConfirmedDeaths
Jefferson19833350
Mobile13471292
Montgomery8865184
Tuscaloosa8744118
Madison797878
Shelby604349
Lee594560
Baldwin558850
Marshall396743
Calhoun354844
Etowah354045
Morgan332728
Houston293521
Elmore269148
DeKalb243521
St. Clair234036
Walker233084
Talladega217729
Limestone213520
Cullman191120
Dallas179326
Franklin179029
Autauga178525
Russell17653
Lauderdale174033
Colbert167526
Blount161815
Escambia161424
Chilton159330
Jackson158911
Covington140327
Dale139944
Coffee13656
Pike120510
Chambers117242
Tallapoosa116685
Clarke110416
Marion97129
Butler91439
Barbour8867
Winston74512
Marengo72620
Pickens66814
Randolph66013
Bibb65710
Lowndes65727
Hale64928
Geneva6384
Lawrence62823
Cherokee61413
Bullock60714
Clay5928
Monroe5908
Washington56113
Crenshaw54232
Perry5426
Conecuh53711
Wilcox53211
Henry5085
Macon48318
Fayette4678
Sumter43819
Cleburne3895
Lamar3772
Choctaw35112
Greene30315
Coosa1723
Out of AL00
Unassigned00

Tennessee Coronavirus Cases

Confirmed Cases: 193732

Reported Deaths: 2389
CountyConfirmedDeaths
Shelby31034460
Davidson26685307
Hamilton956495
Knox955080
Rutherford940890
Williamson534136
Sumner488398
Wilson353845
Putnam335541
Montgomery312344
Unassigned30476
Out of TN299727
Bradley296717
Madison294364
Sevier264715
Blount254824
Maury242024
Washington233736
Robertson223135
Sullivan222033
Hamblen194326
Tipton183619
Gibson171323
Trousdale16687
Hardeman158326
Wayne15025
Dyer140314
Bedford137017
Dickson127715
Coffee125513
Cumberland121718
Weakley121219
Fayette120619
Anderson120213
Obion120011
Henderson119124
Loudon11906
Carter117928
Greene116644
McMinn115025
Jefferson113414
Warren10787
Lawrence107713
Macon106821
Monroe105818
Hardin105216
Lauderdale99516
Haywood99221
Franklin98910
Lake9252
McNairy91818
Roane9096
Carroll90520
Bledsoe8624
Rhea85013
White8499
Hawkins82318
Cheatham81910
Marshall7805
Overton7666
Cocke75310
Smith73411
Johnson7292
Chester64610
Giles63717
Henry6289
Lincoln6281
Hickman5998
DeKalb57214
Crockett54419
Marion5388
Decatur5317
Fentress5273
Campbell4564
Claiborne4425
Polk40610
Grainger3863
Union3712
Benton3399
Jackson3325
Morgan3213
Grundy3126
Cannon2950
Unicoi2881
Humphreys2633
Sequatchie2421
Clay2345
Houston2283
Meigs2283
Stewart2192
Scott2182
Lewis2071
Moore1801
Van Buren1660
Perry1530
Pickett1232
Hancock1073

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