If you’re like many Americans, you’re anxiously awaiting updates on the individual direct payment promised by the CARES Act last month.
There’s speculation all over the internet about when we’ll hear more from the IRS and Treasury.
During the Coronavirus Task Force briefing on Thursday, Vice President Mike Pence informed the public that Treasury Secretary Mnuchin updated the timeline for the first stimulus direct deposits to be released late next week.
Processing times will vary once the funds are released to banks. If you have direct deposit information on your tax return, and you’re hoping for funds to arrive, it seems you can expect them very soon.
Leave a Reply
Want to join the discussion?Feel free to contribute!