The federal government has started distributing $600 COVID-19 relief checks to many Americans, even as the fate of larger $2,000 payments remains unclear.
U.S. Treasury Secretary Steven Mnuchin said some of the $600 payments would be sent via direct deposit to bank accounts as early as Tuesday night. Mnuchin tweeted that paper checks will begin to go out Wednesday.
WASHINGTON (AP) — President Donald Trump's push for bigger $2,000 COVID-19 relief checks stalled out Tuesday in the Senate as Republicans bloc…
President Donald Trump's push for $2,000 relief checks stalled in the Senate Tuesday as Republicans blocked a swift vote proposed by Democrats and split within their own ranks over whether to boost spending or defy the White House.
The roadblock mounted Tuesday by Senate Majority Leader Mitch McConnell may not be sustainable as pressure mounts. Trump wants the Republican-led chamber to follow the House and increase the checks from $600 for millions of Americans.
In the meantime, here's what you need to know as the IRS moves forward with the $600 payments:
Am I eligible for a COVID-19 relief check? For how much?
According to the IRS, payments will be $600 per adult, and $600 per dependent child, depending on your eligibility. Similar to the stimulus payments earlier in 2020, eligibility is determined by your adjusted gross income on your most recent tax return -- in this case, 2019. If you reported 2019 income of up to $75,000 for individuals and $150,000 for married couples filing jointly, you'll receive the payment. For those with income above those amounts, the payment is reduced.
When will I get my payment?
The initial direct deposit payments began arriving Tuesday night for some and will continue into next week, the IRS reports. Paper checks will begin to be mailed Wednesday. The IRS says the payments are automatic, and there is no need to contact your bank or the IRS with questions about the timing of the payments.
How can I track my payment?
Later this week, the IRS will relaunch its "Get My Payment" tool. It will allow people to enter their personal information in order to track the status of their stimulus payments.
How will the IRS know where to send my payment? What if I changed bank accounts? The IRS has answers to these questions and more on its website.
The Associated Press contributed to this report.
Several weeks ago, Howie Kaplan found himself on a conference call with U.S. Sen. John Kennedy, R-La., and singer/actor Meat Loaf.
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