About 80 million people were sent their stimulus payments this week — but if you weren’t one of them, it doesn’t mean you won’t get the money.
You’re one of roughly 60 million people still waiting. About 90% of Americans are eligible for the payments, which phase out for high-income earners, according to an estimate from the Tax Policy Center.
The Internal Revenue Service started by sending money to the people it could reach the fastest. This was anyone who had direct deposit information already on file with the agency because they were due a refund on either their 2018 or 2019 federal tax returns.
Others, like Social Security and Supplemental Security Income recipients, should receive the payments automatically soon, the IRS said this week.
Then, the agency will begin sending paper checks — with President Donald Trump’s signature — to those who haven’t authorized a direct deposit in the past two years. On Wednesday, IRS officials said those checks should start going out next week, according to a Democratic congressional aide. But the agency can only process roughly 5 million checks a week, so it could take months before all of them are sent out…
To read the entire article from CNN, click https://www.cnn.com/2020/04/16/politics/why-didnt-i-get-my-stimulus-money/index.html
