BELOW SUPERNAV drop zone ⇩

Stimulus checks will hit bank accounts starting this weekend; see how much you’ll get

MAIN AREA TOP drop zone ⇩

MAIN AREA TOP drop zone ⇩

maylen

https://digital-stage.newsnationnow.com/

AUTO TEST CUSTOM HTML 20241114185800

AUTO TEST CUSTOM HTML 20241115200405

AUTO TEST CUSTOM HTML 20241118165728

AUTO TEST CUSTOM HTML 20241118184948

WASHINGTON (NewsNation Now) — Now that President Joe Biden signed the $1.9 trillion COVID-19 relief bill into law Thursday, the U.S. government will start depositing the $1,400 checks as soon as this weekend, the White House said.

The $1.9 trillion COVID-19 relief bill was set to land on Biden’s desk Friday as the House of Representatives Wednesday voted to pass the measure following the Senate’s approval over the weekend, but he signed it Thursday, a day earlier because Congress enrolled the bill quicker than expected.

A U.S. Treasury spokeswoman said the Biden administration’s priority was to speed relief to Americans, adding: “Treasury stands ready to implement the direct payment check program as soon as the American Rescue Plan is passed.”

“Help is here,” Biden wrote in a tweet after Congress passed the bill Wednesday.

But unlike the last two rounds, the $1,400 check has a lower income phase-out range, with individuals making more than $80,000 and couples earning $160,000 blocked from receiving a third check.

Calculate how much you may receive from the third stimulus check below:
Third Stimulus Check Calculator – American Rescue Plan
Now that Biden signed the bill into law, how soon could you receive the third round of stimulus checks?

“People can expect to start seeing direct deposits hit their bank accounts as early as this weekend,” White House press secretary Jen Psaki said in a news conference immediately following the bill signing.

Payments should begin within days after the bill is signed into law, according to tax experts. Those with direct deposit set up with the IRS will be part of the first batch of payments. Unlike the last two rounds of checks that bore former President Donald Trump’s name, the paper checks sent by mail will not have Biden’s name on the “memo line.”

Nearly 160 million households are expected to get payments, the White House estimates.

For the latest news on the $1.9 trillion COVID-19 relief bill including live updates when the first payments are issued, be sure to download the NewsNation Now app to receive alerts on your phone.

Reuters contributed to this report, with reporting by David Lawder

Coronavirus Stimulus

Copyright 2024 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed

Site Settings Survey

 

MAIN AREA MIDDLE drop zone ⇩

Trending on NewsNation

AUTO TEST CUSTOM HTML 20241119133138

MAIN AREA BOTTOM drop zone ⇩

tt

KC Chiefs parade shooting: 1 dead, 21 shot including 9 kids | Morning in America

Witness of Chiefs parade shooting describes suspect | Banfield

Kansas City Chiefs parade shooting: Mom of 2 dead, over 20 shot | Banfield

WWE star Ashley Massaro 'threatened' by board to keep quiet about alleged rape: Friend | Banfield

Friend of WWE star: Ashley Massaro 'spent hours' sobbing after alleged rape | Banfield

Fair

la

50°F Fair Feels like 49°
Wind
3 mph ENE
Humidity
50%
Sunrise
Sunset

Tonight

Partly cloudy skies. Low 47F. Winds light and variable.
47°F Partly cloudy skies. Low 47F. Winds light and variable.
Wind
2 mph NNE
Precip
7%
Sunset
Moon Phase
Waning Gibbous