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Stimulus payments hitting some Americans' bank accounts

Some Americans are already seeing the latest round of...

Posted: Mar 13, 2021 9:40 AM
Updated: Mar 13, 2021 12:45 PM

Some Americans are already seeing the latest round of stimulus payments hit their bank accounts, as the first batch of funds is rolled out.

The payments -- worth up to $1,400 per person -- were included in the $1.9 trillion Covid-19 relief package signed by President Joe Biden this week.

The White House on Thursday had announced that payments would go out as soon as this weekend for those who have their direct deposit information on hand at Treasury and the Internal Revenue Service. Processing of the first batch of stimulus payments began on Friday and more will roll out in the 'coming weeks,' an official with the Treasury Department told reporters on a Friday call.

By Saturday morning, several people had posted on social media about seeing their stimulus payments pending in their bank accounts.

'Stimulus hit my account thanks biden,' Andrew Palmer, an IT consultant in Washington, DC, tweeted Saturday morning. Palmer told CNN that he'll use the $1,400 he'll receive to pay off debt.

Missouri resident Jarrel 'JoJo' Royal told CNN that he also has the stimulus payment pending in his account. He started his job as a hotel assistant general manager on March 1 after being out of work since May 2020.

'My mom passed away in June from lung cancer, so part of the money is for a family trip this summer with my siblings and part of the money will pay some medical bills,' he told CNN.

While direct deposits have gone out first, paper checks and prepaid debit cards will be sent out before the end of the month.

Starting Monday, people can check the status of their payments using the IRS' Get My Payment tool online.

No action is required for most people to receive the money. Social Security recipients and those who receive Veteran Affairs benefits should also receive the money automatically even if they don't file taxes.

Who gets a payment and how much?

The full $1,400 amount goes to individuals earning less than $75,000 of adjusted gross income, heads of households (like single parents) earning less than $112,500 and married couples earning less than $150,000.

The payments gradually phase out as income goes up, and lawmakers narrowed the scope for this third round of payments so that not everyone who received a previous check will be sent one now.

It cuts off at individuals who earn at least $80,000 a year of adjusted gross income, heads of households who earn at least $120,000 and married couples who earn at least $160,000 -- regardless of how many children they have.

But unlike prior rounds, families will now receive additional money for adult dependents over the age of 17. Families will receive an additional $1,400 per dependent, so a couple with two children could receive up to $5,600.

The new income thresholds are based on a taxpayer's most recent return.

The money is expected to reach about 90% of families, according to an estimate from the Penn Wharton Budget Model.

This story has been updated with additional reporting.

Oregon Coronavirus Cases

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Cases: 387485

Reported Deaths: 5116
CountyCasesDeaths
Multnomah59768836
Washington41571393
Marion39592504
Clackamas32426376
Lane29856354
Jackson24672350
Deschutes23182185
Umatilla15087180
Linn14488178
Douglas13236286
Josephine10057240
Yamhill9665142
Klamath8979145
Polk813698
Benton605137
Malheur591586
Coos5573106
Columbia423855
Jefferson416865
Lincoln357252
Union336854
Crook330156
Wasco314846
Clatsop258335
Baker217531
Tillamook214345
Hood River211337
Morrow197025
Curry190136
Harney119332
Grant108314
Lake104016
Wallowa74713
Sherman1903
Gilliam1844
Wheeler1141
Unassigned00

California Coronavirus Cases

Data is updated nightly.

Cases: 5057759

Reported Deaths: 74098
CountyCasesDeaths
Los Angeles152224027074
San Diego4047084319
Riverside3849455306
San Bernardino3718825944
Orange3329505675
Sacramento1674002423
Kern1565171781
Fresno1558992246
Santa Clara1511691922
Alameda1246581499
San Joaquin1070001833
Ventura1036461188
Contra Costa1032921045
Stanislaus910641413
Tulare856141082
San Francisco56614669
San Mateo56058627
Monterey52340625
Solano47422356
Santa Barbara47035548
Merced44807664
Sonoma42912412
Placer41881468
Imperial38128769
Kings35038358
San Luis Obispo31294358
Madera26005311
Shasta25917440
Butte25295309
Santa Cruz22028222
Yolo21451257
Marin18342248
El Dorado18166161
Sutter14494181
Napa13372104
Yuba1070088
Tehama10230129
Humboldt10043117
Nevada9914103
Mendocino848894
Lassen792355
San Benito775977
Tuolumne767790
Lake6990110
Amador573766
Siskiyou470954
Glenn455136
Calaveras435685
Del Norte371242
Colusa323519
Inyo254345
Plumas19127
Mono18294
Mariposa156718
Trinity98817
Modoc7475
Unassigned2430
Sierra2170
Alpine1060
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