It’s official – the government will be sending free money checks to millions of Americans. $1,200 will go to individuals and heads of households and $2,400 will go to married couples with no kids. Also, if you have kids, expect to get an additional $500 per child.
The coronavirus check will be direct deposited to your bank account within 3-4 weeks. If the IRS doesn’t have your bank information they will soon create a web portal through which you will be able to provide your banking information in order to expedite the process and receive the money as quickly as possible. Otherwise, expect to get the check via regular mail.
Watch my latest video on some of the best ways to spend the stimulus money check.