IRS and Treasury Begin Sending Stimulus Checks to Millions of Americans

Treasury Secretary Steven T. Mnuchin speaks during the Senate's Committee on Banking, Housing, and Urban Affairs hearing examining the quarterly CARES Act report to Congress, in Washington, on Sept. 24, 2020. (Toni L. Sandys/Pool via Reuters)

By Tom Ozimek

December 30, 2020 Updated: December 30, 2020

Americans can expect to start receiving a second round of stimulus checks, with some coming as early as Tuesday night, according to the Treasury Department.

Known officially as economic impact payments (EIP), the checks are part of the implementation of the Coronavirus Response and Relief Supplemental Appropriations Act of 2021, the pandemic relief bill that President Donald Trump signed on Sunday and that includes a second round of direct payments of up to $600 per person.

“These payments may begin to arrive in some accounts by direct deposit as early as tonight and will continue into next week,” Treasury Secretary Steven Mnuchin wrote in a tweet Tuesday afternoon.

Paper checks will begin to be mailed on December 30, the Treasury Department said in a statement.

“This second round of payments will provide critical economic support to those who, through no fault of their own, have been adversely impacted by the COVID-19 pandemic,” the department stated.

The Internal Revenue Service (IRS) said in a statement that eligible individuals do not need to take any action to receive this second payment, and the agency will use the direct deposit information it has on file to make the payment.

“Anyone who received the first round of payments earlier this year but doesn’t receive a payment via direct deposit will generally receive a check or, in some instances, a debit card,” the IRS said. For eligible individuals in this category, the payments will conclude in January.

The IRS noted that some people “may see the direct deposit payments as pending or as provisional payments in their accounts before the official payment date of January 4, 2021.”

Eligible recipients will receive a payment of up to $600 for individuals or $1200 for married couples and up to $600 for each qualifying child. Dependents who are 17 and older do not qualify for the child payment.

Those with an adjusted gross income for 2019 up to $75,000 for individuals and up to $150,000 for married couples filing joint returns and surviving spouses, will receive the full amount of the second payment. The payment amount is reduced for people with an income above those amounts, according to the IRS.

“We are working swiftly to distribute this second round of payments as quickly as possible,” said IRS Commissioner Chuck Rettig, in a statement. “This work continues throughout the holidays and into the new year as we prepare for the upcoming filing season.”

President Donald Trump said last week he wanted to see Americans get paid $2,000 instead of $600 in stimulus payments.

Senate Majority Leader Mitch McConnell (R-Ky.) on Tuesday said the upper chamber will address Trump’s concerns about higher stimulus payments later this week. McConnell’s remarks came after he blocked unanimous consent on the higher stimulus check amount.

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TRUMP ON TOP: Trump Most ‘Admired Man’ in 2020, Dethrones Obama for First Time in 12 Years posted by Hannity Staff

President Trump has ended former President Obama’s 12-year run as the most admired man in America, edging out his predecessor in the annual Gallup survey released Tuesday.

Eighteen percent of the survey’s respondents named Trump as their most admired man, compared to 15 percent who named Obama and 6 percent who named President-elect Joe Biden. Three percent named National Institute of Allergy and Infectious Diseases Director Anthony Fauci, while 2 percent chose Pope Francis.

Rounding out the top 10 were Tesla CEO Elon Musk, Sen. Bernie Sanders (I-Vt.), Microsoft founder Bill Gates, Los Angeles Lakers star LeBron James and the Dalai Lama, all of whom received 1 percent.

The sitting U.S. president has been named the pollster’s most-admired man in 60 out of 74 years, including all eight years of Obama’s presidency and every year of George W. Bush’s presidency except for 2008. Trump had finished second to Obama in 2017 and 2018.

The 2020 rankings are the 10th time Trump has ranked among the top 10. Before entering the political sphere, he made the list in 1988, 1989, 1990 and 2011. Biden made only his second appearance in the top 10 after making the list in 2018.

Among Republicans surveyed, 48 percent of respondents named Trump as their most admired man. No other public figure got more than 2 percent Republican support, according to Gallup. Among independents, both Obama and Trump received 11 percent support. Fauci was the choice of 5 percent of Democrats but just 1 percent of Republicans.

The record holder for appearances in the survey’s top 10 is the late Rev. Billy Graham, who made the list 61 times before his 2018 death. Former President Carter, who has appeared on the list 29 times, is the most-represented living person.

Twenty-one percent of respondents offered no response, while 11 percent named a friend or relative as their most admired.

Pollsters surveyed 1,018 adults from Dec. 1 to 17. The poll has a margin of error of plus or minus 4 percentage points.