IRS says more than 130M coronavirus payments have been delivered
The IRS said Wednesday that more than 130 million coronavirus rebates have been delivered to Americans.
“The IRS and Treasury have executed an extraordinary task by delivering more than 130 million Economic Impact Payments, totaling more than $207 billion, to Americans in less than 30 days,” the IRS said in a statement.
The agency added that 10.4 million people have used an IRS web tool to successfully provide the agency with their direct deposit information. Taxpayers can get their payments faster via direct deposit than they can if they have to wait for a paper check.
The new figures show that Treasury and the IRS have been making progress in getting the payments out. The IRS previously said that about 89.5 million payments had been issued as of April 17.
A Treasury Department spokeswoman said earlier on Wednesday that 120 million coronavirus payments had been issued as of earlier this week.
The IRS sent out an initial round of payments in mid-April to people who had already provided their direct-deposit information to the agency. Since then, Treasury and the IRS have been disbursing additional payments.
Paper checks started to go out last week. Treasury expects that non-filers who receive Social Security benefits should receive payments in their bank accounts no later than today.
The IRS has said it expects to issue a total of more than 150 million payments.
The payments were established under a $2.2 trillion coronavirus relief package President Trump signed last month. Most households are eligible under the law to receive one-time payments of up to $1,200 per adult and $500 per child.
The IRS has won praise from tax experts for starting to get the payments out quickly. But some taxpayers have also been frustrated that they have yet to receive their payment or have had difficulty using the IRS’s web tool.
The IRS asked some of its employees to volunteer to return to their offices this week to perform tasks such as processing mail and paper tax returns and providing telephone assistance to taxpayers. The agency said Wednesday that employees can expect facilities to be sanitized and for in-person interactions to be minimal.
“As local health advisories around the country are lifted in the coming weeks and months and operations continue to increase, the IRS will continue to implement, follow – and where possible exceed – specific federal and local safety guidelines and measures,” the IRS said. “As operations expand, IRS employees will continue their dedication to serving the American people. We are grateful for the many IRS employees who have worked during the pandemic and to those who have already voluntarily returned to the workplace.”
– updated at 7:04 p.m.