![]() Of course, the fact that stimulus funds are being expedited is a good thing, because while the new relief bill clearly includes a host of provisions designed to help the public, the rest of that aid won't go out immediately. And, it's possible that payments will linger into May given the number of people who are in line for those checks. Rather, they'll be staggered so that while some people may get a check or debit card in the mail later in March, many recipients won't get their stimulus until April. Like the previous stimulus round, recipients will either get a check or a debit card with stimulus funds, but those can't all go out at once. Stimulus funds that need to go out by mail, however, are a different story. Though not all direct deposits will go out at once, it's fair to say that those getting their money electronically will see it well before the end of March. As such, those eligible for an electronic funds transfer could see that money hit in a matter of days. The IRS has a well-oiled system in place for sending out stimulus payments by direct deposit. In fact, the White House announced yesterday that stimulus funds could start hitting Americans' bank accounts as early as this weekend. But while the public may need to wait to receive some of that aid, stimulus payments won't be delayed at all. That bill includes boosted unemployment benefits, an enhanced Child Tax Credit, expanded health insurance subsidies, and a third round of stimulus checks worth up to $1,400. On March 11, President Joe Biden signed a sweeping $1.9 trillion coronavirus aid package into law.
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