(WJW/AP) — The ‘Get My Payment’ tool on the IRS website is working already for some who are eligible to receive the third stimulus checks.
It was originally set to start up on Monday. The tool lets people know what type of payment that can be expected, but for the third stimulus check only.
Officials at the Treasury Department and Internal Revenue Service said Friday that processing of the new round of stimulus payments has already begun, with the aim of having the first payments start showing up in bank accounts this weekend.
President Joe Biden signed the new $1.9 trillion rescue package on Thursday, the day after it won final passage in the House. The measure provides for payments to qualifying individuals of up to $1,400, with payments to a qualifying family of four of $5,600.
“The payments will be delivered automatically to taxpayers even as the IRS continues delivering regular tax refunds,” IRS Commissioner Chuck Rettig said in a statement.
It is estimated that 85% of Americans will be eligible for the payments and the goal is to have millions of the payments disbursed in the next few weeks.
Taxpayers who have provided bank information with the IRS will receive the direct-deposit payments, while others will get paper checks or debit cards mailed to them.
Officials said in the interest of speeding up the relief payments, the IRS will use the latest tax return available, either the 2019 return filed last year or the 2020 return that is due by April 15 to determine the amount someone might receive.
This same tool was previously used during the other stimulus check rollouts, and did reportedly encounter some problems, including being overwhelmed by the amount of users.