Better known as the “Trump Stimulus Checks”, the $1,200 per individual and $2,400 for couples filing jointly, the Trump Administration’s announced on March 30, 2020 that the “Economic Impact Payments” would be hitting people’s checking accounts after as little as a hoped for three-week time frame.
Then at one of President Trump’s daily Covid-19 briefings at the White House, the wait time was shortened to a two-week period as of March 30.
Just yesterday afternoon, Larry Kudlow, Director of the U.S. Economic Council, announced the checks will “probably start going out…I think this week, perhaps early next.”
As reported by Forbes magazine (emphasis mine);
Your Coronavirus stimulus check may go out this week or next. Here’s what you need to know.
“The checks from the Treasury and the IRS probably start going out…I think this week, perhaps early next,” Larry Kudlow, Director of the U.S. Economic Council, said to CNBC.
That’s good news for millions of Americans who are waiting for their stimulus check due to the Coronavirus pandemic, which could be as much as $1,200 per person, $2,400 for married couples filing jointly and $500 per dependent child.
Not done yet, Forbes also noted that looking at this dispersal from a worst case scenario, AKA: If the Democrats get involved;
The House Ways and Means Committee memo says that check distribution could work like this
- Week of April 13, 2020: 60 million checks distributed through direct deposit.
- Week of May 4, 2020: The IRS will start sending paper stimulus checks
- Each week thereafter: Approximately 5 million paper checks will be issued each week.
The official federal website to get the latest info regarding the Trump stimulus checks is http://irs.gov/coronavirus.