- Treasury said people waiting March 24 for incentive payments of $1,400 can expect to receive them by mail or prepaid debit card.
- The IRS and the Treasury move quickly to issue tens of millions of direct payments.
- Singles earning up to $75,000 in adjusted gross income are eligible for the full amount.
Americans who have not received a direct deposit of $1,400 by March 24 can expect a check in the mail or a prepaid debit card, according to the Treasury Department.
The cabinet said in a statement that a second round of incentive checks was sent on Friday with a payment date of Wednesday, March 24. People waiting for checks after that date will likely receive theirs in the mail.
“Taxpayers who have not received a direct deposit by March 24 should keep a close eye on mail in the coming weeks for a paper check or prepaid debit card, also known as an Economic Impact Payment Card or EIP card,” Treasury said Monday. .
Earlier this month, the Biden administration, along with Congress, approved $1,400 stimulus checks, the third wave of federal payouts in the past year. The IRS didn’t start issuing the payments until a day after the rescue package was signed into law.
The Treasury Department said on Wednesday it had already deposited 90 million checks worth $242 billion. 150,000 paper checks were also sent.
Singles earning up to $75,000 in adjusted gross income qualify for the full amount, along with couples earning up to $150,000. Any dependent adult is also eligible for a check.
But stimulus control amounts shrink much faster above those thresholds. Individuals earning more than $80,000 and couples earning more than $160,000 receive zero.