Check your account: First round of coronavirus stimulus checks have been sent

If you made less than $75,000 in 2019, you will be eligible for the full payment of $1,200.

Sam Masterson
April 13, 2020 - 8:31 am

    (KMOX) - In a tweet sent over the weekend, the IRS said the first wave of stimulus checks to help alleviate the economic downturn caused by the coronavirus pandemic had been deposited into taxpayers’ bank accounts. Payments will continue to hit those who opted for direct deposit for their 2018 or 2019 tax refund throughout the week. 

    Related: St. Louis healthcare worker starts 'One Million Mask Drive'

    "IRS deposited the first Economic Impact Payments into taxpayers’ bank accounts today. We know many people are anxious to get their payments; we’ll continue issuing them as fast as we can," the IRS stated in a tweet.

    For those who haven’t set up direct deposit for their tax refunds, getting the payment by mail could take months. The IRS is directing those who don’t use the online tool to make sure they're included, excluding social security recipients and railroad retirees. 

    If you made less than $75,000 in 2019, you will be eligible for the full payment of $1,200. Couples who filed jointly and made less than $150,000 will get $2,400. An individual who filed as "head of household" and earned $112,500 or less gets $1,200.

    Every child in the household will receive $500. Anyone making over $75,000, will see their payments reduced by $5 for every $100 of income that exceeds the limits. The payment decreases to zero for an individual making $99,000 or more or a couple making $198,000 or more.

    Related: Use this calculator to see how much your coronavirus relief check will be

    The maximum payment for a family of four is $3,400. The payment will not be taxed. If you owe back taxes or have another government payment, you still will receive a stimulus check, however if you owe back child support you may see a reduction or no check at all. 

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