Cards will be sent to those who qualify for the federal payments but haven’t provided the IRS with bank information.
Roughly 4 million Americans should soon receive their government stimulus payments through a prepaid debit card, according to the Treasury Department. The cards are being mailed to people who haven’t provided their banking information to the IRS, such as low-income households without bank accounts or taxpayers who don’t typically receive a tax refund via direct deposit.
Although 140 million Americans have received stimulus payments since the IRS began sending the coronavirus relief checks in mid-April, another 10 million taxpayers are still waiting on the funds. The payments are part of Coronavirus Aid, Relief and Economic Security, or CARES, Act, which took effect at the end of March.
The stimulus payments amount to $1,200 for single people who earn less than $75,000, while married couples who earn less than $150,000 get $2,400.
