$ 1,400 Stimulus checks to start going out this weekend
$ 1,400 Stimulus checks to start going out this weekend

$ 1,400 Stimulus checks to start going out this weekend

The $ 1,400 stimulus checks included in the U.S. rescue plan will begin going out electronically “as early as this weekend,” press secretary Jen Psaki said Thursday.

What you need to know

  • The stimulus control included in the latest round of COVID-19 relief efforts is starting to go out this weekend, the White House press secretary said Thursday
  • President Biden signed $ 1.9 trillion in emergency aid on Thursday afternoon, a day earlier than expected
  • Checks will mostly go out via direct deposit, the press secretary said, and they are based on income recorded in the Americans’ latest tax return
  • The president and vice president will travel around the country next week to highlight the US rescue plan and its impact

President Joe Biden signed The $ 1.9 trillion in legislation Thursday afternoon, a day earlier than expected, sets in motion economic relief for lower-income Americans, an extension of unemployment benefits and funding for things like vaccines and schools.

“This historic legislation is about rebuilding the backbone of this country,” Biden said before signing the bill, “giving the people of this nation, the workers, the middle class, the people who built the country, a chance to fight.”

That includes the $ 1,400 checks that President Biden promised during his campaign, which the press secretary said will begin going out via direct deposit this weekend.

When the final round of $ 600 payments was approved in late December, the first wave was deposited into bank accounts within a few days, and most others rolled out in the two weeks following.

This round is limited to Americans earning $ 75,000 a year or less – or joint submitters earning $ 150,000 annually – and smaller checks will go out to people earning up to $ 80,000 a year or $ 160,000 for joint files.

Earlier this week, press secretary Psaki said the finance ministry was preparing for a smooth rollout of payments, the majority of which she said would go out by direct deposit.

“Secretary Yellen is focused like a laser on ensuring that there is a clear process and system in place to ensure that this assistance comes out as quickly as possible,” she said Monday.

Problems with the previous round of checks included payments that went to the wrong accounts and delays even for those who had filed their taxes.

Eligibility for this round of checks depends on a person’s most recent tax application, either 2019 and 2020. Those who do not have direct deposit information with the government will receive a paper check.

But this round of checks will not have the president’s signature on it, a change from former President Trump, who insisted his name should be on the payments.

In addition to $ 1,400 checks, the bill also aims to help Americans with children increase child tax deductionwhich are paid in monthly installments.

Next week, President Biden and Vice President Kamala Harris will make stops around the country to highlight the impact of the $ 1.9 trillion US rescue plan, a trip called the “Help is Here” trip.

Biden visits Delaware County, Pennsylvania on Tuesday and travels with Vice President Harris to Atlanta on Friday, while Harris also stops in Las Vegas on Monday and Denver on Tuesday.

First Lady Jill Biden also visits New Jersey on Monday, and second gentleman Doug Emhoff takes on his own trip to New Mexico on Wednesday.

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