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IRS gives taxpayers one more day to speed up coronavirus stimulus checks

Americans have just one more day to speed up delivery of their coronavirus stimulus checks. The Internal Revenue Service set a deadline of noon Wednesday for taxpayers to submit direct-deposit information online to have the money dropped straight into their bank accounts. Those who don’t use the IRS’s “Get My Payment” tool to do so …

Americans have just one more day to speed up delivery of their coronavirus stimulus checks.

The Internal Revenue Service set a deadline of noon Wednesday for taxpayers to submit direct-deposit information online to have the money dropped straight into their bank accounts.

Those who don’t use the IRS’s “Get My Payment” tool to do so will likely have to wait for a paper check instead, according to the agency. The payments total $1,200 for individuals earning up to $75,000.

“Time is running out for a chance to get these payments several weeks earlier through direct deposit,” IRS Commissioner Chuck Rettig said in a Friday statement.

After the deadline, the IRS will start getting millions of files ready to send to the US Treasury’s Bureau of Fiscal Services for paper checks that will start arriving from late May into June, the feds said.

But the IRS warned last month that some taxpayers won’t receive their money until September as the government issues 5 million physical checks a week.

The IRS delivered more than $200 billion in “Economic Impact Payments” to about 130 million people in the program’s first four weeks, the agency said Friday. The funds were included in the $2.2 trillion stimulus bill Congress passed in March to shore up the US economy during the coronavirus crisis.

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