Are you still waiting for your dunning check? Here’s when the next payments will be made.


COVID-19[female[feminine not only sickened hundreds of thousands of Americans; it also weighed heavily on the US economy. With countless businesses shuttered and millions of Americans scrambling to apply for unemployment benefits (a task made more difficult by archaic systems prone to breakdowns at a time like this), large numbers of Americans are waiting looking forward to their $1,200 stimulus payments to cover short-term bills and buy some financial leeway.

Under the CARES (Coronavirus Aid, Relief, and Economic Security) Act, which passed in late March, Americans with incomes below a certain threshold are eligible to receive a one-time stimulus payment in the amount of $1 $200. In addition, those with dependent children under the age of 17 will receive an additional $500 per child.

IMAGE SOURCE: GETTY IMAGES.

You can use this chart to see if you qualify for a stimulus check, but keep in mind that it assumes you don’t have dependent children in your household. If you do, there’s more wiggle room with the higher end of each range.

If your tax status is:

Here is the income threshold for a full stimulus payment:

Here is the income threshold for a partial stimulus payment:

Only

$75,000

Less than $99,000

head of household

$112,500

Less than $136,500

Married filing jointly

$150,000

Less than $198,000

DATA SOURCE: IRS.

Nearly 88 million stimulus payments have been issued so far, which is good for desperate Americans who don’t know how they will pay for their living expenses. But millions of Americans are still waiting for their money to arrive. If you’re one of them, here’s when you could get your stimulus money.

When to expect your money

How long it takes to get your stimulus payment largely depends on what information the IRS already has on file for you. If you are already on Social Security (including survivor and disability benefits), you should see your money by April 29, provided you receive these benefits by direct deposit.

In the meantime, if you’re on Supplemental Security Income (SSI) and haven’t filed a tax return in the past two years, you should see your stimulus money in early May. The same is true if you are currently receiving Veterans Affairs benefits.

Otherwise, the timing of your stimulus payment will depend on whether you provide the IRS with direct deposit information. If you provide bank details for direct deposit, you could see your money in just a few weeks. Otherwise, you could find yourself waiting up to five months for a paper check – which is why it’s a good idea to give this information to the IRS.

Also, the sooner you enter your bank account details, the sooner you will have an update on when your dunning will arrive. Specifically, if you enter this information any day up to noon on a Tuesday, your payment date will become available on the Saturday following that Tuesday.

Sit well while you wait

If your income has been hit by COVID-19, you may be really eager to get your stimulus money back. But don’t worry – if you’re entitled to a stimulus, it will eventually reach your bank account or your mailbox. And if you need relief from your bills in the meantime, reach out and ask for it. Many lenders and providers offer a lot of leniency during this time, so if you can’t pay your mortgage, rent, car loan, or utility bill, pick up the phone, explain your situation, and see what options are available. to you.

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