Looking back at the stimulus during the 2008 financial crisis, it took up to 8 weeks for employees to see their check or direct deposit. While that news can be disheartening, month-long time frames aren’t anything new. However, at an estimated 5 million checks per week, some Americans can’t expect relief until September. Checks will be processed based on income - with the lowest-paid recipients first in line. The Washington Post’s recent review of an internal IRS plan suggests that people may receive their stimulus in the form of a direct deposit as early as April 9, while check-based payments will go out after April 24. However, there’s no official timeline for release of payments from the IRS.Ĭhecks will be processed based on income - with the lowest-paid recipients first in line. Treasury Secretary Steven Mnuchin aims to start releasing stimulus payments by April 16, most likely starting with direct deposits. IRS.gov has set up a webpage where you can see details of the rollout. Stiimulus checks have started rolling out to select American taxpayers. Here’s what we know so far: When will my employees get their stimulus checks? Whether you are up and running as an essential service, working remotely, or you’ve been forced to close, you may be wondering when your employees will get their stimulus support payments. Since the Coronavirus Aid, Relief, and Economic Security Act, also known as the CARES Act, was signed on March 27, there have been many questions and uncertainties regarding the IRS stimulus payments.
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