On Thursday, Treasury Secretary Mnuchin indicated that the direct deposit would occur "in three weeks". So figure mid-April
the expectation is that the paper checks will flow 2-3 weeks behind the direct deposit. Further, they think they have direct deposit information on 80% of the people who will be receiving rebates.
In 2008, it literally took MONTHS to get the money in everyone's hands. It was probably all checks back then,
Until information is available all anyone can do is guess based on what was done the last time there was a stimulus check issued ... patience will be needed. Check these sites for updated info when available :
You don't have to do anything to receive the stimulus money (except to file a 2019 return, or if you did not file a 2019 return, the IRS will use information from a 2018 return). If you do not file but have SS or VA benefits you do not have to do anything to get the check ... just be patient.
Remember in the best of times the IRS is short handed and now they are tasked with yet another time sensitive thing to handle with even less personnel ... we have to be patient as we all deal with the current situation.
Since the CARES Act has just been signed into law, there are some questions that can't be answered definitively at this time. Please check for updates here TurboTax Corona Virus Update Center and here IRS Corona Virus Update Center.
This is on the Santa Barbara TPG’s website for those people who had their fees taken out of their returns.
YES ... those who get SS or VA benefits and do not file because they are not required to file will get checks ... there is nothing you need to do ... they will be sent out automatically like they did back in 2008.
I actually read today that if you did your taxes and they were sent to a tax card pr prepaid card of some sort that they will mail a paper check to your address on tax return so if thats the case that means the only people that need to worry are people who have moved since they filed or if they havent filed and they don't live at the 2018 tax return address.
Doubt it. I was wondering the same and turns out people who used places like turbotax will get delayed paper checks if you had them take their fee out of your taxes. Apparently it involved a third party and now the irs has no way to issue the funds directly. That's what I just read anyway. So now I'm wondering if we will even be able to deposit them on the turbo card. Seems the whole card thing was a bad idea at this point. Think I'll just open up a bank account again.
I was able to call the IRS and change my address. The steps are as here: