First coronavirus relief checks hit Americans' bank accounts
By Marty Johnson - 04/11/20 08:15 PM EDT
Americans who qualified for the $1200 cash payment, a cornerstone of Congress's $2.2 trillion coronavirus stimulus package, are starting to receive their money through direct deposit.
Late last month, President Trump signed the CARES Act into law, a coronavirus relief package that promises to provide one-time checks to some, set aside money for small business loans and provides funding for corporations hit hard by the virus, among other provisions.
“#IRS deposited the first Economic Impact Payments into taxpayers’ bank accounts today," The Internal Revenue Service tweeted Saturday evening.
"We know many people are anxious to get their payments; we’ll continue issuing them as fast as we can."
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https://thehill.com/policy/finance/economy/492375-first-coronavirus-relief-checks-hit-americans-bank-accounts
