More than 80 million Americans will receive payment via direct deposit by Wednesday from the $2 trillion coronavirus stimulus package, the Treasury Department said in a statement Monday.
The big picture: Americans began to receive their stimulus payments on Saturday, per the IRS. The Treasury said payment was being automatically issued to eligible 2019 or 2018 federal tax return filers who received a refund using direct deposit.
For most people, no action is needed to get an economic impact payment from #IRS. Parents will also receive $500 for each qualifying child under 17. Learn more at https://t.co/hEEWmgHA9V #COVIDreliefIRS pic.twitter.com/epW3Yzc3ek
— IRS (@IRSnews) April 12, 2020
Zoom in: The IRS has launched a new web tool for those who do not regularly file tax returns to get their check more quickly.
- Filling in the "non-filers" form enables those who meet this criteria to enter their bank details to be paid electronically if they don't want to wait for their check to be mailed.
- The Free Fillable Forms tool will email the user that it's filing a Form 1040 to the IRS on their behalf or alert them to any errors that may be corrected so they can have their payment processed.
Go deeper: How the coronavirus stimulus bill helps you
Editor's note: This article has been updated with comment from the Treasury Department.
