The US Department of the Treasury announced today that they have disbursed the first batch of Economic Impact Payments from the latest stimulus bill. Nearly 90 million payments have been sent, primarily via direct deposit, and everyone in this first group will have received their funds as of today.
I wanted to take the time to flag a useful page - if you're wondering where your payment is, the IRS has offered this Get My Payment tool to help track yours down.
They've also recently offered additional information on the Economic Impact Payments, as well as a Frequently Asked Questions fact sheet.
This round of checks adds up to a sizable deposit for taxpayers with dependents, and many of our clients and friends are eager to receive this latest round of stimulus. There are more tranches of checks and direct deposit payments to come, so if you are eligible for stimulus payments and haven't received one yet, you should expect yours in the coming weeks. The IRS states that no action is required from taxpayers to generate the payments.
As ever, expect ongoing up to the minute guidance regarding the stimulus's effect on you and your business. You can click here for a PDF of the full 600+ page bill.