The first round of coronavirus stimulus check payments have gone out. According to Larry Kudlow, the director of the U.S. National Economic Council told CNBC , approximately 175 million Americans have received their payments via direct deposit. But there are many others who aren’t signed up for direct deposit and will have to wait for their checks to come in the mail. For this reason, many are wondering if there is a way to track the status of their stimulus payment.
The Internal Revenue Service now offers an option for Americans to track the status of their check, via the Get My Payment portal.
Here’s what you need to know:
The IRS Offers Stimulus Check Tracking Via ‘Get My Payment’ Tool
Americans should be wary of any third-party site that claims to offer tracking capacities. However, it is possible to estimate when your check will be issued, based on two criteria: whether your payment will be made by mail or by direct deposit, and how much you earned in your most recent tax filing.
Taxpayers currently set up for direct deposit with the IRS will likely receive their payments in the next few weeks. Those not set up for direct deposit will have the option to set up a direct deposit with the IRS once the portal is available. Until that’s available, though, there is some information on how the IRS will issue checks to mailing addresses in the weeks to come.
According to The Washington Post, the IRS will mail stimulus checks to groups of people by salary, starting with those who earned the least in their most recent tax return. Here’s the breakdown of the IRS report, per The Post:
Checks for earners of $20,000 or less should be in the mail.
Checks for earners of $30,000 or less should be in the mail.
Checks for earners of $40,000 or less should be in the mail.
This process will continue each week in the same pattern, sending stimulus checks out in the mail through increments of $10,000 in earnings. By this strategy, the IRS is set to mail out 5 million checks a week, The Washington Post reports.
Here’s an extended projection of that timeline, based on this expected pattern:
Checks for earners of $50,000 or less should be in the mail.
Checks for earners of $60,000 or less should be in the mail.
Checks for earners of $70,000 or less should be in the mail.
Joint taxpayers earning $198,000 (the maximum allowed for eligibility) can expect their stimulus checks to be issued in September. People for whom the IRS has no prior tax information might have to wait until mid-September for their checks — but that might change once the IRS direct deposit web portal is available.