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"(Expert) estimates the earliest those payments will go out is three to four weeks after.....
Show Me The Relief Money – No Promises On When Coronavirus Checks Are Coming
https://www.npr.org/2020/03/26/822224393/show-me-the-relief-money-no-promises-on-when-coronavirus-checks-are-coming
How soon can I expect my check?
"It really depends on what information the IRS has on you," Kyle Pomerleau, a resident fellow at the right-leaning American Enterprise Institute, told NPR.
That's because the infusion of cash will be distributed by the IRS, so those who have previously received tax refunds via direct deposit will be first in line for the rebate checks. Pomerleau, estimates the earliest those payments will go out is three to four weeks after the package is approved.
Alternatively, people who receive tax refunds through the mail will have to hold out much longer.
"I don't think physical checks will be in the mail for another three to four months," Pomerleau said, citing delays in the system in 2008 when the government last issued national stimulus payments under the George W. Bush administration.
"It really depends on what information the IRS has on you," Kyle Pomerleau, a resident fellow at the right-leaning American Enterprise Institute, told NPR.
That's because the infusion of cash will be distributed by the IRS, so those who have previously received tax refunds via direct deposit will be first in line for the rebate checks. Pomerleau, estimates the earliest those payments will go out is three to four weeks after the package is approved.
Alternatively, people who receive tax refunds through the mail will have to hold out much longer.
"I don't think physical checks will be in the mail for another three to four months," Pomerleau said, citing delays in the system in 2008 when the government last issued national stimulus payments under the George W. Bush administration.
Does anyone else think 3 to 4 weeks up to 3-4 months is acceptable ? How many lower-income/gig workers can exist 4 weeks with no income ?
Congress needs to speed this up as much as humanly possible.
eta: https://www.nbcnews.com/business/consumer/stimulus-checks-are-coming-here-s-how-make-sure-you-n1169576
Americans should start getting checks within three weeks, Treasury Secretary Steven Mnuchin said Thursday. By comparison, the IRS took three months to distribute checks in 2009 to battle the Great Recession.
Some experts say that because of budget cuts and "obsolete technology," the IRS would need months, not weeks, to send out payments.
"I don't think any of the policymakers have given any thought to the practical implications of actually doing this. The IRS doesn't have the resources to do it," Howard Gleckman, a senior analyst at the Urban Institute's Tax Policy Center, told Reuters.
Some experts say that because of budget cuts and "obsolete technology," the IRS would need months, not weeks, to send out payments.
"I don't think any of the policymakers have given any thought to the practical implications of actually doing this. The IRS doesn't have the resources to do it," Howard Gleckman, a senior analyst at the Urban Institute's Tax Policy Center, told Reuters.
Mnuchin sounds overly optimistic, no surprise.
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