AMERICANS will receive their $1,400 stimulus check in one of four ways.
Americans will receive their money in one of four waysCredit: Getty Images – Getty
Now, Americans are eagerly awaiting receiving the cash – however many are unsure of how their funds will be sent.
One way in which your money will be sent is via direct deposit from the Internal Revenue Service
This will be for anyone who provided their direct debit information in their 2019 and 2020 tax filings.
On Wednesday, the Treasury confirmed that this will be the quickest way in which Americans will receive their cash.
Following those with a direct debit, the next round of recipients will be those who have their information on file with the Internal Revenue Service due to other government programs.
However, if the IRS does not have your direct debit information you may be sent a paper check.
Biden signed the bill on ThursdayCredit: Reuters
This will be mailed to your house, however, unlike Donald Trump’s stimulus checks, it will not have Biden’s name on.
White House Press Secretary Jen Psaki said this is in order to “expedite the payments and not delay them.”
Some Americans will receive pre-paid Economic Impact Payment Card.
These are expected to be sent roughly one week after the paper checks are sent, based on the timelines of the past two stimulus checks.
The cards need to be activated to be used and will arrive in a plain white envelope.
The final way to claim your stimulus check is for those who have not received any or all of the previous cash sums.
Many Americans will receive a paper checkCredit: Getty Images – Getty
Those who did not receive the cash may be eligible for a Recovery Rebate Credit.
To do this, you must file a 2020 tax return and look at a worksheet to see if you will be eligible for the credit.
If you are successful, and your tax return is filed, it can take around three to six weeks to receive the credit from the IRS.
Psaki tweeted: “Because Congress enrolled the bill more quickly than we anticipated, the President will sign the American Rescue Plan into law today within the hour.”
On Thursday, Biden said “this historic legislation is about a fighting chance” before he added his signature to the landmark package.
“Tonight, and the next couple of days, I’ll be able to take your questions,” he told reporters. “But in the meantime, what I’m going to do is sign this bill and make the presentation tonight.
“Then there will be plenty of opportunities to be on the road not only talking about what I’m talking about tonight, which is the impact [of] the virus and how to end this pandemic.
“We’re going to talk about all the elements of the bill beginning Friday, Saturday, and all through the week. So, thank you for being here,” he added as he signed the bill.
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