Around 70 million checks are waiting to be mailed.
According to the the IRS, some people that are receiving their CARES Act stimulus payment in check form may be in luck this week. In an April 16 report by the House Committee on Ways and Means, according to USA Today, the IRS will begin issuing paper checks starting this Friday and then on a weekly basis.
It appears that the IRS will be sending out checks based on annual income, starting with those making less than $10,000 a year. So, if you fall in that bracket, you may see your check coming in the next week.
Those in higher income brackets won't see their checks until later in the summer with some not receiving their checks until August. The breakdown, as reported by Forbes, is below:
- Less than $10,000: April 24
- $10,001 - $20,000: May 1
- $20,001 - $30,000: May 8
- $30,001 - $40,000: May 15
- $40,001 - $50,000: May 22
- $50,001 - $60,000: May 29
- $60,001 - $70,000: June 5
- $70,001 - $80,000: June 12
- $80,001 - $90,000: June 19
- $90,001 - $100,000: June 26
- $100,001 - $110,000: July 3
- $110,001 - $120,000: July 10
- $120,001 - $130,000: July 17
- $130,001- $140,000: July 24
- $140,001 - $150,000: July 31
- $150,001 - $160,000: August 7
- $160,001 - $170,000: August 14
- $170,001 - $180,000: August 21
- $180,001 - $190,000: August 28
- $190,001 - $198,000: September 4
- Remaining checks: September 11
If you can, it is still recommended to sign up for direct deposit on the IRS website. It will take time for the IRS to process the information, but it won't take near as long as waiting for your check in the mail.
Unfortunately, if you are like me, you might just be stuck waiting. I, and many, many others, are stuck with the "payment status not available" message on the IRS website when you try to sign up for direct deposit. The IRS has not been particularly upfront about why this flaw is occurring other than to say it may not have received your information. There are theories that if you owed money after your last filing and/or filed through a service like Turbo Tax, in addition to a few other scenarios, you will get the error.
Hopefully, the IRS will figure out a way to work around the issues.
Are you running into issues on the IRS website? How do you feel about the mailing schedule for CARES Act checks? Let us know in the comment.
