Deposits will continue in the days ahead, starting with people who have filed tax returns for 2018 or 2019 and authorized direct deposit. Others — including people who haven’t filed returns, authorized direct deposits, or receive Social Security — will probably have to wait weeks or months before seeing their money.
The distributions are part of the $2.2 trillion economic relief package passed by Congress in March.
For those who haven’t filed a return for either 2019 or 2018, the IRS urges them to do so quickly including for those who don’t normally need to file a tax return. That includes individuals who earned less than $12,200 in 2019 and couples who earned less than $24,400.
The paper checks will be issued at a rate of about 5 million per week, the memo says. Individuals with the lowest income, based on adjusted gross income, will receive their checks first.
According to the legislation, the IRS has until the end of 2020 to transfer the payments.
This story has been updated with more details about the federal stimulus checks.
CNN’s Katie Lobosco and Tami Luhby contributed to this report.