Now that President Biden has signed the $1.9 trillion pandemic relief bill into law, millions of desperate Americans are wondering the same thing: When will I get my money?
Some people got their answer Friday. Just one day after Biden signed the legislation into law, a reader in Alexandria, Va., found a pending post in his bank account labeled IRS TREAS 310 - TAXEIP3 for $6,892.90 for his family of five.
The IRS refers to the stimulus money as an economic impact payment, or EIP.
I was wondering if Biden was overpromising, the reader said in an interview. But I looked. And, wow, its actually there.
The notation on his pending post says the stimulus funds will be available to him on March 17.
The fast turnaround is laudable considering the IRS is in the middle of the 2021 tax season and is also still processing millions of 2019 returns.
If youve filed your 2019 or 2020 return and received a refund, youshould be first in line to get a payment. Its possible you may see a pending post to your bank account by this weekend. Direct-deposit payments in the previous rounds were issued first to individuals with valid routing and account information on file at the IRS.
Beginning Monday, the IRS said people can check the status of their third stimulus payment by using the Get My Payment tool, which is available in English and Spanish irs.gov.