Washington: More than 80 million Americans would see their tax rebates directly hit their bank accounts by Wednesday, the Treasury Department has said.
"This administration is delivering fast and direct economic assistance to hardworking Americans, and we hope these payments will bring them much-needed relief," Treasury Secretary Steven Mnuchin said in a statement on Monday.
Many Americans were expected to receive the economic impact payments under the stimulus law approved by President Donald Trump in March to cushion the economy from the impact of the COVID-19 pandemic.
Those who have submitted direct-deposit information to the Internal Revenue Service (IRS) through their tax returns should get the money first.
According to the Treasury Department, single filers can get $1,200 and joint filers $2,400, though it phases out for higher incomes.
Non-filers would receive their money faster by using the "Non-Filers: Enter Payment Info Here" web portal and entering their bank account information, Mnuchin said.
Social security beneficiaries and railroad retirement recipients do not have to do anything, and the payment will be directly deposited in their bank accounts, he added.
As of Tuesday, US has reported 582,607 confirmed coronavirus cases, with 23,628 deaths, making it the country with the world's highest number of infections and fatalities, according to a tally from Johns Hopkins University.
For all the latest News, Opinions and Views, download ummid.com App.
Select Language To Read in Urdu, Hindi, Marathi or Arabic.
CIPLA, US Bullying, Indira Gandhi and Narendra Modi
Covid-19 cases top 8000 in India; 34 deaths in 24 hours
Nihang Sikhs cut off ASI's hand in Punjab's Patiala
Tips to avoid neck, lower back pain while working from home
Coronavirus Helmet Changes Police Image in Chennai
Ramadan 2020 likely to start in Saudi Arabia on April 23, a day later in India, Pakistan
Thackeray extends Maharashtra lockdown, says status of pending exams soon
Also Read
Necessary to extend Coronavirus lockdown till June: KCR
India Coronavirus lockdown may not end on April 14
COVID-19 Treatment: India to explore blood plasma therapy
What is convalescent plasma therapy against COVID-19
War Against Coronavirus: Islamic Perspective
Covid-19 and Islamophobia: Hope both pandemics get a permanent cure