Your Top Stimulus Questions Answered
COVID-19 has been battering the U.S. economy for well over a month, and millions of Americans are suffering because of it. Thankfully, there's some relief available in the form of a stimulus payment that was approved as part of the $2 trillion CARES Act. But there's still a lot of confusion about how those stimulus payments work, so if you're in the dark, here are answers to some of the questions you may have.
An estimated 80 million Americans may have already received their stimulus cash, as payments started hitting accounts last week. If the IRS has bank account information for you on record because you signed for direct deposit on a recent refund, or you registered your bank account's information with the IRS, then you should see that money hit your account in the coming weeks.
Otherwise, if you're getting a check in the mail, prepare for delays. Paper checks are already going out this week, but at 5 million per week, it could take up to five months for all recipients to get their cash.
Source Fool.com
