Americans could receive stimulus payments as early as tonight, Mnuchin says

WASHINGTON (NEXSTAR) – After months of congressional negotiation and stalemates, some Americans could finally receive another COVID relief payment as early as Tuesday night, Treasury Secretary Steven Mnuchin said in a statement on Twitter.

McConnell introduces $2,000 aid checks bill tied to social media immunity and election fraud

Those $600 payments would be sent via direct deposit, with paper stimulus checks being mailed Wednesday.

.@USTreasury has delivered a payment file to the @FederalReserve for Americans’ Economic Impact Payments. These payments may begin to arrive in some accounts by direct deposit as early as tonight and will continue into next week (1/2)— Steven Mnuchin (@stevenmnuchin1) December 29, 2020

Mnuchin added that the Get My Payment tracking tool on the IRS website, which has been temporarily unavailable, will be accessible again “later this week.”

Americans who make under $75,000 per year will soon receive a one-time $600 check based on their 2019 income for them as well as for dependents under the age of 17. The payments are gradually diminished for people making more than $75,000, or $150,000 for married couples, and phased out completely for income levels of $87,000 for individuals and $174,000 for couples.

What is Section 230? The internet law that President Trump wants to repeal

Meantime, a Senate vote on a bill to raise the second stimulus check to $2,000, an amount supported by Democrats and President Trump, was blocked Tuesday by Republicans.

Senate Majority Leader Mitch McConnell said the chamber would “begin a process” to address the issue after shutting down Democrats’ proposed vote on the checks.

McConnell countered with a bill that would tie the $2,000 stimulus checks to the repeal of Section 230, the social media immunity law, and the creation of a commission on election fraud.

This is a developing story.

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