The IRS says some stimulus payments will start going out next week, starting with people who recently filed tax returns and authorized direct deposit
The first round of direct-deposit payments will be made automatically to qualifying taxpayers.Social Security beneficiaries will also receive their payments automatically. Those payments will go out"in the near future," the IRS said Friday. Stimulus check: How much can you expect?The timeline keeps the first payments on the schedule promised by Treasury Secretary Steven Mnuchin, who said April 2 that the payments would begin going out within two weeks.
Some will have to first file a return or register online in order to receive the payment. Also on Friday, the IRS launched a new tool to help low-income people who aren't normally required to file returns to input some basic information so that they can receive the stimulus money. They'll have to provide their Social Security number, name, address, and the number of their dependents -- as well as bank account information if they want to receive a direct deposit.
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