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Economic Impact Payments: What You Need To Know

The IRS expects to create a portal later this month or in early May to let people update their direct deposit information and check on the status of their payment. This will allow taxpayers to receive payments immediately as opposed to checks in the mail.

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$100 Dollar Bills

CARES Act: 2020 Recovery Rebates

Eligible individuals will receive rebate payments ($1,200 to individuals and $2,400 to married filing jointly) via direct deposit or check if they filed a tax return or received social security payments in 2018 or 2019.

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