Current status on stimulus monies 4/6/2020

Just went out and checked irs.gov to see if the Treasury had anything new to say.

No. Still says about 3 weeks for issuing the monies. No update on the portal (that will most probably be on irs.gov) that lets folks who aren’t required to file a tax return enter their bank account info to get the money.

I figure that they’re still scrambling like crazy trying to get everything set up. In the past, if Congress has waited until December to make changes in the tax law, it takes the IRS until some time in February to get the forms reset. So, their normal turn-around is 2 months or so. 3 weeks is crazy fast.

5 Likes

It really is when you consider the sheer logistics involved