Stimulus checks

 While some Americans got their stimulus payments over the weekend, tens of millions are set to receive their payments on Wednesday, March 17, due to instructions from the Internal Revenue Service. "The IRS recently sent an initial wave of tens of millions of economic impact payments via the Automated Clearing House (ACH) system," according to a statement issued by nine banking and credit union industry groups. "The actual funds will be sent to the banks and credit unions on March 17, at which time funds will be made available to customers." Around 158.5 million households are expected to receive a payment under the new stimulus deal, according to the White House. This round of stimulus checks is $1,400 per eligible individual plus a $1,400 bonus per dependent. If you have no direct deposit information on file or if the account provided is now closed, the IRS will mail you a check or pre-paid debit card instead. The IRS has yet to announce the schedule for mailing payments. Americans can now check the status of their third stimulus check using the Internal Revenue Service’s online tracking tool ‘Get My Payment.’ If you received no payment and you think you’re eligible or you got the wrong amount, you’ll be able to claim it on your 2021 tax return. Go to irs.gov.