Stimulus Check Update: Many Payments Should Clear Today
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On March 11, President Joe Biden signed a $1.9 trillion coronavirus aid package into law that includes enhanced unemployment, a newly expanded Child Tax Credit, and, of course, $1,400 stimulus checks. Some people who received a stimulus payment during the first two rounds will not be eligible this time around due to lower eligibility cutoffs. But the bulk of Americans who previously got a stimulus will still be entitled to their $1,400. In fact, today is the day when much of that money will be available in Americans' bank accounts.
The IRS was quick to distribute stimulus funds once the relief bill became official. In fact, payments started going out over the past weekend.
Source Fool.com
