IRS says some stimulus payments will start going out next week

The Internal Revenue Service said Friday that some stimulus payments will start going out next week. Payments will start with those people who have filed their 2018 or 2019 tax returns and have authorized a direct deposit. Those payments will be made automatically.

Social Security beneficiaries will also receive their payments automatically. Those payments will go out “in the near future,” the IRS said Friday.

Others — who haven’t filed those returns, authorized direct deposits, or receive Social Security — will likely have to wait weeks and even months before seeing their money. Some will have to first file a return or register online in order to receive the payment.

Also on Friday, the IRS launched a new tool to help low-income people who aren’t normally required to file returns to input some basic information so that they can receive the stimulus money. They’ll have to provide their Social Security number, name, address, and the number of their dependents – as well as bank account information if they want to receive a direct deposit.

Next week: The IRS plans to roll out another online tool. This will allow people a chance to provide their bank account information so they can receive their payment more quickly rather than waiting for a paper check.

This feature will be unavailable if the payment has already been scheduled for delivery, the agency said. It will also help people check on the status of their payments.

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