IRS plan: 50 million Americans to receive first stimulus payout today

[mfcorey1]

JACKSONVILLE, Fla. – The much-awaited stimulus payouts will begin flooding into millions of bank accounts starting today, according to an internal plan circulated by IRS Treasury Secretary Steven Mnuchin.

The first payout is estimated to cover at least 50 million Americans.

The first wave of payments will be issued to people who have already given their bank account information to the IRS and Social Security beneficiaries who filed a federal tax return with direct deposit information.

The next wave of money will be paid no later than the week of April 20. The third and final round is dedicated to payments being made through check. Those will be mailed at an undetermined date.

Groups of checks would be then mailed over the next several weeks. It could take until May or August for recipients to see the money.

https://www.news4jax.com/news/morning-show/2020/04/09/50-million-americans-to-receive-first-pay-out-of-stimulus-checks-today/

[rzemanfl]

1. What utter fucking bullshit.

Where is the damn website folks can post their direct deposit info on Mnuchin promised? The headline on the article and the text tell two different stories. WTF is with that?

[Progressive Jones]

17. From what I understand,

the direct deposit info that will be used comes from previous tax returns.
If they don't have that info already, paper checks will go out.

[Sapient Donkey]

68. They claim there will be a website for people to submit that information if they don't have it

[Historic NY]

79. Exactly Rep. Katie Porter had a twitter pod cast earlier she was in on the calls today.

Check will be going out to those who used direct deposit for their tax refunds. The Treasury Sec. will be opening a portal online - secure in which people can sign on and provide their information so it goes to their accounts. They have a problem to work out how to get to those w/o any steady banking.

They are on their way.......

[John Fante]

101. What if you owed the IRS money and paid via ATM card?

[Historic NY]

105. Doesn't your ATM cared link to an account link ,like checking?

then you should have a routing number, ck with your bank.

[at140]

26. YOU have to file the simple 1040 tax form ON-LINE which has a place to enter bank info

even if you do not owe any taxes.

[MrsCoffee]

93. What if you filed taxes and got your return by check?

You can’t file again, right?

[at140]

96. If you already have filed 2019 tax return, then you should not file again for 2019

But why you preferred a paper check when you have a bank account? Just curious.
Electronic transfer of funds to bank account is much faster and more SECURE.

[MrsCoffee]

97. Not me, my son. When he moved back to California in December, he closed his account in Indiana.

He did not have income until his tax return, which he had mailed to my house, so he did not open another account until after he got the check.

He has a new bank account, but that information is not on file with the IRS.

[at140]

98. Then probably will have to wait for the paper check.

[at140]

99. Great news if true, for you.....

https://www.pennlive.com/coronavirus/2020/04/starting-next-week-americans-can-give-irs-direct-deposit-information-to-get-stimulus-check-faster.html

[MrsCoffee]

100. Nice!

Thanks!

[missingthebigdog]

53. Here:

“TurboTax has partnered with the IRS to help speed up the delivery of stimulus payments to people who aren't required to file tax returns, the company announced in a press release on Saturday morning.”

https://www.google.com/amp/s/www.businessinsider.com/personal-finance/turbotax-online-portal-stimulus-check-direct-deposit-2020-4%3famp

[rzemanfl]

58. I am even less likely to give my bank info to Turbo Tax over the Internet than I am

to give it to the IRS under Drumpf and the GOP. I will wait for a paper check. I have already had my identity stolen once via state government. I do not plan on going back for seconds with the powers that be in Trumpist Dumbfuckistan. Thank you for the info anyway. I knew about the TurboTax thing, but the last I saw it was unofficial.

[tazkcmo]

57. You can file a "stimulus" return

You can file a tax return for the sole purpose of providing your bank info to the IRS. No W-2 needed.

[rzemanfl]

62. There is so much misinformation about this I think it is disinformation and deliberate.

That article begins with:

"Those with direct deposit information on file with IRS and SSA to get paid first." WTF does that mean? Both? Either one? Must they match?

The body of the article says-

"The first wave of payments will be issued to people who have already given their bank account information to the IRS and Social Security beneficiaries who filed a federal tax return with direct deposit information."

I will wait for the money whichever way it arrives. This discussion has been raging on DU for days.

[Tink41]

74. Turbo Tax

Has made their services available to transmit your direct deposit info thru their website. I believe it is free, although you'll be subject to email advertising. Whoppee. Delete

[I_UndergroundPanther]

102. The site is up

But you can't hit the submit button.
I tried to do the tax thing today.

[NewJeffCT]

2. 50 million is about the combined population of swing states Texas and Florida

I wonder if they'll be getting their checks first?

(I am mostly being sarcastic)

[rzemanfl]

4. Florida is already angry as hell over the unemployment fiasco. n/t

[Baitball Blogger]

11. +1

[eleny]

50. That's the question of the day

[Just_Vote_Dem]

61. I'm in Florida and I didn't get mine n/t

[MrsCoffee]

94. Sarcasm or not, I'd bet the vultures have discussed holding up payments to those in blue states.

Trump is a vindictive piece of shit.

Don’t think they could get away with it, but wouldn’t put it past them to try.

[quaint]

3. If you're on SS, filed an unnecessary return...

you still have to wait for a paper check?

[rzemanfl]

5. Unless the IRS put up that website, sure looks that way to me.

There has been a clusterfuck of disinformation about this for weeks. I can't believe it isn't on purpose. Watch them blame the dems.

[at140]

29. Not if you if you entered your bank information with your tax return form

is how I understand it.

[rzemanfl]

63. At least one DUer filed that form and was never asked for bank information. It wasn't me. n/t

Last edited Fri Apr 10, 2020, 09:47 PM - Edit history (1)

[doc03]

41. Isn't SS all direct deposit now? nt

[2naSalit]

48. Yes and our

"checks" are electronic. Next time I go out I will check. I don't do any banking online.

[sheshe2]

103. I checked.

Only my SS was deposited today.

[2naSalit]

109. Wasn't there.

Just the remainder from the third of the month when my SSDI comes after I pay bills and get groceries. But I did fill up on gas since it was really marked down. I get premium and that price doesn't always change with the Regular. But I was able to fill it with $40. Made my day. Reg was $1.87! Haven't seen that since... like way back in the last century.

[Windy City Charlie]

7. Until possibly August?

Wow....sure glad no one could use that money right away!

[rzemanfl]

8. This is direct from the IRS website. "Coming weeks" would include until the end of time.

"The IRS does not have my direct deposit information. What can I do?
In the coming weeks, Treasury plans to develop a web-based portal for individuals to provide their banking information to the IRS online, so that individuals can receive payments immediately as opposed to checks in the mail."

[Newest Reality]

27. Yes...

Indefinitely period would have been more precise.

It should be available right now.

[redstatebluegirl]

9. We don't get refunds.

I refuse to let the government play with my money. We normally are very close or have to pay around 200 dollars. They have my bank info because we pay using our bank, will that be the same?

[MissB]

13. I doubt it

I mean, that would make too much sense

[SeattleVet]

25. (Edited - I was wrong - link to real info)

https://www.snopes.com/fact-check/covid-stimulus-check/

[sweetloukillbot]

28. As I understand this is not borrowed against next year

Unlike previous stimuli.

[SeattleVet]

38. You are correct - I was mistaken.

Thank you. I had been misinformed about this.

Here's the real story:

https://www.snopes.com/fact-check/covid-stimulus-check/

[rateyes]

30. I don't think you quite understand. The money is a tax credit.

It’s a tax credit, and thus is not taxable. It is an advance payment of the EXTRA amount that would have been refunded. Basically, you will pay same next year that you paid last year, and get the same refund.

[SeattleVet]

40. Yes, thank you. OP corrected

[at140]

31. I am in similar situation as you, so I am expecting a deposit from US Treasury soon.

I have been paying taxes owed through my bank account directly withdrawn by IRS.

[rzemanfl]

15. Many working poor have neither bank accounts nor computers.

They are WHO! They are also the most likely to die.

[rzemanfl]

20. Good 4U.

I don't think you've banked small money for a while. Without a regular direct deposit, a no fee bank account is ancient history in most places or requires maintaining a minimum balance poor people don't have. Those paper checks are going to get cashed at WalMarts or AmScot.

Find me a library that is open. None are around here. That is why there were huge lines for paper unemployment applications in Florida yesterday.

[rzemanfl]

22. California and Florida are as different as Switzerland and Somalia.

[GulfCoast66]

85. No. Not really. About as different as California and Florida.

I live in Florida and have spent time in both California and Switzerland and hate our government. But California on its best day is not close to Switzerland. And Florida on its worse, after 10 straight hurricanes, 2 pandemics, cats and dogs living together and a hell hole opening under Disney is still way more livable than Somalia.

[rzemanfl]

89. You needed to read all the

elitist, egotistical, know it all, self-deleted posts to get why I said that.

[Buckeyeblue]

91. That's not entirely true

Many credit unions still offer free checking and savings accounts.

[rzemanfl]

92. I think it's a regional thing. n/t

[at140]

35. Internet access is FREE at most public libraries

you need to get more out in the world.

[rzemanfl]

37. Where are you that the libraries are open? n/t

[at140]

42. The libraries closed only recently. The news of $1200 bonus goes further back.

Even if the library may be closed now, don't you have friends with internet?
I can access my neighbor's internet free if they have not used a password protection.
I always see a few of those. I do not need to use neighbor's internet, I have my own from Comcast.

[rzemanfl]

39. I looked at your profile. Why don't you go to a library here in Florida and send me a

PM? I'll be waiting.

[at140]

43. I hope you have friends who like you

and will let you use their internet for filing the simple tax return.
If you have no such friends, your computer can locate un-protected networks from neighborhood.

[rzemanfl]

54. What do you think I am posting to DU on? The Drumpfist junta has our bank info

it's in the Social Security Administration's database. There have been varying stories about whether they will use that information to send checks, resulting in mass confusion. In order to give the IRS one's bank info with a tax return, the taxpayer has to have a refund coming. The "simple return" is old, obsolete, news. The "web-based portal" promised by the IRS for posting direct deposit information is nowhere to be found. Elect a clown, expect a circus.

I am waiting for a PM sent from your library's computer....

[Totally Tunsie]

67. One would think; one would hope

that the IRS has someone there that can figure out that if a tax payment is received from a filer's account, that the same account would be feasible for the IRS to use to make a payment.

However, I have no such confidence in anyone in this administration, so can certainly see that the likelihood of anyone at the IRS figuring this out is remote.

I'm in this group: SS recipient, files annually online, remits payment direct from bank account.

[rzemanfl]

70. I am in much the same boat. Someone got my SSN off the Florida Unemployment website

a few years ago and told the Social Security Administration I had moved to California. I am very reluctant to give the government more information than they already have. I have not paid the IRS with a personal check in decades.

[Totally Tunsie]

75. Looks like it will be a "Wait and see" for many of us.

I wish they'd get this straightened away, as I am rather sick of seeing Mnuchin's very punch-able face on TV.

[GulfCoast66]

86. So what's the solution? I mean I understand and work with some on the edge of society.

But if you don’t have a bank account or file taxes, how are we supposed to get you payments? We can’t have people walking around handing out cash.

[rzemanfl]

90. The solution is not to have the IRS lie.

It also isn’t for people here to claim the free computers in libraries that have been closed for weeks are available to people to file for unemployment or send payment info to the IRS.

[I_UndergroundPanther]

106. Fuck who made the poor jump through hoops

That fucker or fuckers need thier asses stomped.

[I_UndergroundPanther]

107. The fuckers that made SSI people jump through

These hoops need to be stomped to dust.

[Newest Reality]

32. Ah,

So, homeless people and others without bank accounts are obsolete to you, huh? You must have a lot and being doing well. Maybe a bit elitist?

You may not even realize that one reason the poor don't have accounts is that many banks charge you a monthly fee if you don't keep a certain balance. You know about that, right?

I had to close an account I had for ten-years due to that.

That seems rather callous. Since when are disadvantaged people necessarily whiners?

There are roughly nine-million of those whiners you are whining about, BTW. Old fashioned poverty.

https://www.theatlantic.com/business/archive/2016/10/fdic-underbanked-cfpb/504881/

[Newest Reality]

47. Eat Me!

A comical cartoon you are.

I am homeless right now, Bucko.

I see why you are on about things with that attitude. Maybe "distorted caricature" is a more apt description.

I notice you ignored the information AGAIN. Do you plug your whole head up all the time or just here so you can only hear yourself?

Now, continue to belittle people there in your delusional 21st century like a bloody git.

You can have a nice day. Loser.

[EarthFirst]

52. Wow; you're a piece of work... nt

[GulfCoast66]

87. A serious question. If you have no home. No bank account and haven't filed taxes in years

How exactly should they access this money? I mean we are not going to have people walking around handing out cash.

[rzemanfl]

60. It was stupid and elitist. n/t

[KewlKat]

12. I've moved since last taxes and bank acct closed. I was counting on updating

Thru the imaginary website. We do get SOcial security direct deposit. Wonder which group we’re in?

[rzemanfl]

16. I am going to spend the imaginary check on imaginary stuff.

There is so much conflicting info about folks on Social Security I have given up thinking about it because the anger is making me dizzy.

[at140]

36. Either should work...SS direct deposit or Tax Return with bank info to pay taxes owed

or refund received via direct deposit.

It is the same government. It knows all your information.

[rzemanfl]

64. The government knew a pandemic was coming too.

If it can be fucked up, Drumpf, et al will find a way to do it.

[KewlKat]

73. OMG....thank you for that ROFLMAO moment. So true.

[at140]

77. You are confusing past with future...time to get with it man!

The government (especially IRS) knows every penny of mine and your PAST tax information.
Which is why I keep 7 years of my tax filing information on hand.
But the IRS has no clue what my future earnings or taxes will look like.
You would think with me filing taxes for 50+ years they would have modeled my finances.
Nope, the government has no clue what my earnings or taxes will be in the FUTURE.

And the government is notoriously wrong about FUTURE predictions.
Why are you or anyone surprised the government missed the size of covid-19 infection from Wuhan?
The government routinely misses cost projections of Medicare, Medicaid, Social Security etc.

[rzemanfl]

82. I am stuck back a few messages ago wondering if my friends like me.

You are awfully sure and full of yourself. Good 4U.

[at140]

84. Honestly I was very timid in my 20's and 30's and even in my mid 40's

I should have blown my trumpet louder to gain more attention from the CEO.
Ditto with all the hot women I lost because I lacked the confidence they would want me.

[stopbush]

14. My bank info is onfile with SS and the IRS, but I live in SoCal

so I imagine tRump told his IRS lackies to pay us last.

[AirmensMom]

24. I live in TN.

Land of the MF45 ass-lickers. I'm frankly surprised I haven't seen it my account yet. But yeah, I'm guessing you'll have to wait. It's so shameful how this ass wipe plays favorites with the states. I mean, there are Trumpers in all the states, after all.

[Takket]

19. nothing here yet :/

will check in later........

[AirmensMom]

23. It's about time.

For people who desperately need this money, it has already taken too long. It's already dire. And those people might have to wait as long as August? It's all just so frustrating and sad. We'll be fine, but we have been in the position where we needed that money yesterday, last week, last month. My heart aches for everyone who is suffering because of this huge cluster-fuck.

[Kali]

56. this

[Chainfire]

33. I promise you one thing

I sure as hell ain't spending it before I see it in my account. I have heard that "check is in the mail" lie before.

[Vinca]

34. Isn't that special? Just in time to send them all of it back in a quarterly tax payment.

Self-employment is so much fun sometimes.

[sarcasmo]

44. May to August for a check, antiquated system.

[GulfCoast66]

88. I disagree. When I filed by mailing my return in , as we all used to it took 4-6 weeks.

And that is with a planned for and expected system. I file electronically now and got my return in less than 2 weeks this year.


As for those getting paper chicks.


And the people getting the latest checks are the highest earners eligible to receive them. The lowest earners will get then in the next few weeks. Then as you reported income increases your date to receive the check is later. Of course, most but the poorest or iconoclastic already file electronically so they will get them soon.

[asiliveandbreathe]

45. From SSA.gov...4/1/2020

The Department of the Treasury (Treasury) announced on April 1 that Social Security beneficiaries who are not typically required to file tax returns will not need to file an abbreviated tax return to receive an economic impact payment. The IRS will use the information on the Form SSA-1099 to generate $1,200 economic impact payments to Social Security beneficiaries who did not file tax returns in 2018 or 2019.

https://www.ssa.gov/news/press/releases/2020/#4-2020-1

So, you get a SSA-1099..the IRS will use the information on the Form SSA-1099 to generate $1,200 economic impact payments to Social Security beneficiaries who did not file tax returns in 2018 or 2019.

More info at link..

[quaint]

66. Thanks, appreciate real info.

Only singed my hair a bit

[rzemanfl]

69. Thank you. I did not see a discussion of people who DO typically file a tax return

but receive Social Security. I will wait to see what happens. Expecting clear declaratory sentences from this administration is a pipe dream.

[Hoyt]

55. Even if it takes a few weeks, I'll be grateful, . . . . . especially to Dems who kept Bill on track.

[book_worm]

59. So if they sent them out today...

they won't actually show up in your account until next Tuesday or Wednesday as I understand it. I'm happy I used my bank info last year for my refund. This year I actually have to pay in so haven't submitted it yet but will before the 15th.

[wryter2000]

65. Thanks

I'm on SS and filed my return electronically with my bank information. I don't see anything yet. I hope you're right that it shouldn't be there yet.

[Buns_of_Fire]

76. Well, first you've got to remember they're prioritizing.

Then they have to spin through however many million taxpayers/SS recipients match the criteria.

Then the transaction has to be generated and transmitted through ACH.

Then the bank's own computers have to process it.

Considering the scale of what they're doing I'm willing to cut them a little slack on the timing.

The IRS' bank of TRS-80s are getting a workout starting today, that's for sure.

[rzemanfl]

71. You have extra time this year. Read a good book and pay them later.

[liberalla]

104. BTW, they did extend the April 15 date by 90 days... So you can take more time if you like.

[Tink41]

72. Wont reach account

Until next week. Ive been all over the web today, looking for exact dates. That's the best I got.

[Afromania]

78. Essentially this is going to do the least amount of good it can do.

People need the money now, not later, and definitely not may """or""" August! You have foodbanks seeing multiple times their usual amount of traffic and we are only in week 3. What is this going to look like a month from now? How many people are going to end up using payday lenders or burning up credit cards that will never get paid??

[totodeinhere]

80. Unfortunately if they do not have direct deposit information on file then they will have to mail

out a physical check. And that process takes time. The checks have to be processed, printed and mailed. There is no way around it.

[onecaliberal]

81. I filed my return months ago, they have my account info. I got nothing.

[totodeinhere]

83. The first payments are allegedly going out today but in most cases the money will not appear in bank

accounts until next week. So if you have got nothing yet it's probably understandable.

[EndlessWire]

95. I thought that

SS recipients did not have to file due to the fact that they already know our direct deposit info?

I did receive my normal SS deposit, so it's not like they don't know.

Day One: Nothing.

When they figure out how to screw me outta my SS, that'll be gone, too. They won't have a problem finding me then.

VOTE BLUE NO MATTER WHO. Put your mask on, stay 6 feet back from the VOTER in front of you, and turn out in November to defeat Trump and The Asshats. All hands on deck!

I didn't expect to get any money, anyway, but the families on either side of me need it. And, sh*t, I want it, too.

[dustyscamp]

108. I wish some of that money would go to the homeless