Americans likely won’t begin to see direct payments from the coronavirus stimulus bill until at least April 13 and it could take 20 weeks for all the checks to be mailed, Trump administration officials told lawmakers, according to a House Democratic memo obtained by CNN.
The timeline means tens of millions of Americans will have to wait to get badly needed assistance, despite repeated suggestions from Treasury Secretary Steven Mnuchin that the money would go out as soon as April 6.
Mnuchin said this past Sunday after passage of the $2.2 trillion stimulus bill that payments would not go out until mid-April.
Some context: CNN reported in March that former IRS officials said the wait would likely be weeks or months.
Initially, the IRS will make about 60 million payments, likely in the week of April 13, for taxpayers who provided their direct deposit information through their 2018 or 2019 tax returns, the memo from the House Ways and Means Committee says.
Three weeks later, on the week of May 4, the IRS expects to start issuing paper checks to individuals whose bank information isn’t already on file, a process that will take much longer.
According to the committee, the paper checks will be issued at a rate of about 5 million per week, and that it could take up to 20 weeks to issue all the checks. Individuals with the lowest income, based on adjusted gross income, will receive their checks first.