Economic Impact Payments to Americans Begins Today
The IRS announced today that the third round of Economic Impact Payments will begin reaching Americans over the next week. Following approval of the American Rescue Plan Act, the first batch of payments will be sent by direct deposit.
There will be additional batches of payments that will be sent in the coming weeks by direct deposit and through the mail as a check or debit card. Most of these payments will be by direct deposit.
No action is needed by most taxpayers; the payments will be automatic and, similar to how people received the first and second round of Economic Impact Payments in 2020.
People can check the Get My Payment tool on IRS.gov on to see the payment status of the third stimulus payment.
The IRS is urging people to visit IRS.gov for the latest details on the stimulus payments, other new tax law provisions and tax season updates.
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