Larry Kudlow, Director of the United States Economic Council, reported in an interview to CNBC that Treasury Department and IRS checks would begin to be issued this week, as soon as Monday or Tuesday.
This is good news for millions of Americans expecting the economic stimulus of up to $ 1,200 per person, $ 2,400 for married couples filing a joint return, and $ 500 per dependent child.
“We are writing checks to 175 million Americans,” said Kudlow.
When do applications start?
A memo from the House Ways and Means Committee to which NBC News had access states that although 60 million checks will be distributed in mid-April, other Americans who do not receive direct deposit refunds could wait months before getting the check.
The memorandum of the House Ways and Means Committee indicates that the schedule for the distribution of checks would be as follows:
Week of April 13, 2020: 60 million checks distributed through direct deposit.
Week of May 4, 2020: The IRS will begin sending paper checks through the mail.
Every week thereafter: Approximately 5 million paper checks will be issued each week.
The document notes that some Americans may not receive the check until the week of August 17; however, Treasury Secretary Steven Mnuchin says the checks will be distributed in “a matter of weeks, not months.”
The Treasury Department told USA TODAY that 50 to 70 million Americans will receive stimulus checks by direct deposit by April 15.