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$600 Stimulus Check Payments To Be Sent Out As Early As Tonight

Just a few days ago, Donald Trump signed the new coronavirus stimulus package that will provide a second round of stimulus checks to millions of Americans.

The Treasury Secretary Steven Mnuchin said payments may begin as early as tonight (December 29). However, because of Friday's bank holiday (New Year's Day), some direct deposits might not clear until early the week of January 4.

Here's a breakdown to see if you qualify for yours:

  • If you earned up to $75,000 in 2019, you get the full $600.
  • If you filed jointly as a couple and earned up to $150,000 in 2019, you get a full $1,200.
  • Then the payments start to phase out, in small increments, as your income goes up.
  • If you earned more than $87,000 individually or $174,000 jointly, in 2019, you get nothing.

For more information, the IRS also has a webpage called "Economic Impact Payments" that walks you through the rules and regulations, which you find here.

Photo: Getty Images


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