Federal stimulus payments will begin on April 9th for those 50-70 million qualified Americans with direct deposit information registered with the IRS. These payments are anticipated to be completed by April 15th. For those Americans who have not registered their bank accounts for direct deposit with the IRS, paper checks will begin to be mailed on April 24th and prioritized by income level, lowest to highest. The IRS can produce roughly 5 million checks per week which translates into a 20 month period of check distribution for the nearly 100 million other qualified Americans. Some people will wait months before receiving their stimulus money unless they register their bank information with the IRS when that option comes available in the next few weeks.
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