BHT&D Certified Public Accountants Blog

Economic Impact (Stimulus) Payment: Paper or Direct Deposit?

Posted by Dwayne Houghton on Wed, Apr 22, 2020 @ 11:00 AM

Sources cited by the Washington Post indicate that if the IRS does not have direct deposit information on record for you, paper stimulus checks will be mailed out starting on April 24th. The IRS plans to issue checks at a rate of about 5 million checks per week, which could take up to 20 weeks to complete. They will be sent out in reverse 'adjusted gross income' order, starting with people with the lowest income first:

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Tags: Economic Impact Payment, IRS Direct Deposit, IRS Paper Check, Stimulus Payment