It’s the news we’ve all been waiting for – The House just passed Biden’s new stimulus plan which means, if you qualify, you’re getting a $1,400 check!
Now, keep in mind, this time around the income limits have changed which means you will either qualify for more or less depending on how much you’ve earned in your most recent tax filing.
So, let’s assume you qualify for the full $1,400 stimulus check, when will you receive it?
Well, since the house passed the bill, it will now need to head to President Biden’s desk to be signed into legislation.
According to reports, President Biden will sign the $1.9 trillion Covid relief bill, his first major legislative victory, into law on Friday at the White House.
Once signed, the IRS can begin disbursing payments.
Just like before, many people will receive the stimulus check via direct deposit into the same account that tax refunds were sent.
For those they do not have bank account information for, they will sent out physical checks or debit cards by mail so make sure you do not throw it away!
So, most payments should be sent starting next week and onto the end of the month. Keep an eye on your bank account or mailbox.
If you want to know exactly how much you’ll qualify for, check out this Stimulus Check Calculator.