Don’t Have Bank Account Info On Record With IRS? Mnuchin Has A Solution To Get Check Quicker

I’ve mentioned before about the concern that lots of people would have to wait months to receive their $1,200 because they do not have their bank account information on record with the IRS. Around 23.4 million owed the IRS for 2019, slightly less for 2018, which were the terms the “stimulus” bill required. Then there are all those who processed in another way to get their refund. But, there’s a solution coming, per Mnuchin (doesn’t help if you do not have a bank account at all)

Mnuchin lays out when Americans can expect their coronavirus rescue package checks

Treasury Secretary Steven Mnuchin said in a Sunday morning interview that qualifying Americans can expect to see their $1,200 checks deposited into their accounts “within three weeks.”

Mnuchin, who played a lead role in the $2 trillion bill’s passage, told CBS’ “Face the Nation,” that there will be an online system created so Americans who are not signed up, can do so and skip waiting for a physical check.

“We expect that within three weeks that people who have direct deposit information with us will see those direct deposits in their bank accounts,” he said. “And we will create a web-based system for people where we don’t have their direct deposit they can upload it, so that they can get the money immediately as opposed to checks in the mail.”

Individuals are eligible for payments up to $1,200, but that decreases for those who earn an adjusted gross income of more than $75,000 a year. The bill says that the payment is reduced by five percent of every dollar above that mark, or $50 for every $1,000 above $75,000.

Hopefully it works better than the website for Obamacare when it launched.

It is rather disturbing that the IRS keeps the bank account information on file though, isn’t it? But, Mnuchin had some sobering news, as well

Mnuchin told “Fox News Sunday” that he believes that by the third quarter of 2020, Americans will see an economic recovery with production and employment levels back up.

Hopefully, he’s being conservative in his estimate, because lots and lots cannot wait till at a minimum June. $1,200 won’t last. Small and medium businesses will be gone for good. People will be evicted, homes foreclosed. Cars repossessed. No money for food. We need things to get going before then. On the bright side, there will surely be crazy sales, better than on Black Friday. The NY Times editorial board wants this to happen

It increasingly appears necessary that for the next eight weeks, and possibly for longer, all nonessential businesses should be closed, domestic travel restricted and the “shelter-in-place” measures being employed by some parts of the country extended to the rest. Such a shutdown will be enormously expensive in the short term, likely requiring fresh rounds of federal aid on top of the $2.2 trillion Congress approved on Friday. But scientists say that based on what they’ve learned from Europe and Asia, that’s the only way to get the virus, which is spreading like wildfire across the country, under control.

It’s easy for people that are getting paid in full and don’t have to worry about anything to make these pronouncements, eh? The only way this happens is if Congress does another aid bill that gives most people $2500 or more a month.

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10 Responses to “Don’t Have Bank Account Info On Record With IRS? Mnuchin Has A Solution To Get Check Quicker”

  1. John says:

    Yes socialism does seem to be the answer with BIG GOVERNMENT just handing out money to almost everyone trumps stimulus is 3x as big as Obama’s
    I still remember how much you hated THAT stimulus
    Ever go.back and reread your posts ftom 10 or 15 years ago Teach ?
    Wars in Iraq and Afghanistan we’re going great!! Don’t cut and run, the terrorists will just follow us back home !!
    And polls? You watch Fox News
    Yes Trump’s approval ratings had gone up, except in the all important swing state counties where it had gone waaaaay down.and as we learned in our last presidential election popular vote count does not elect the POTUS
    Is this a case of deception by omission?

    • The problem with Obama’s stimulus was that it didn’t really. It was just dumping money into projects that didn’t really stimulate, and repaying campaign contributors. Repaving roads that didn’t need it, some weatherizing, etc, didn’t achieve the desired affect.

      Nor am I happy with this $2.2 trillion bill, John, as I’ve noted several times.

  2. KlemDadidlehopper says:

    “Once we get clear of this terrible pandemic, it is imperative that we all rethink that relationship,” British politician Iain Duncan Smith told The Daily Mail on Saturday.

    Back in early Feburary the CCP or chinese communist party ordered its international real estate firm to stop all activity and start buying up all the PPE or personal protective equiptment they could from places like the USA, Australia, Canada and much of the EU.

    These people were packaging up this stuff and sending it to mainland China while China still demanded of the world that the WUHAN VIRUS was nothing. The raping of the world continued until nations started becoming infected and their shelves were empty of PPE because CHINA had raped them.

    Now China is sending defective PPE and Test Kits to Spain, Italy and Belgium who have sent them back as being totally defective and unusable. China is sending doctors and nurses to Italy and Iran and other countries as they push the narrative that the USA is responsible for the CHINA FLU.

    And now reports are surfacing that the FBI is now actively investigating people on the internet and are considering tossing 100’s of reporters from China which are actually spies sent here to stir up Xenophobia, bigotry and hate and to steal secrets.

    CHINA HAS BOUGHT THE WORLD AND THE WORLD HAS SOLD ITSELF FOR CHEAP LABOR.

    China’s President Xi is petrified that after this inferno the U.S. and others will turn their backs on globalization. In a March 26 letter to the G20, Xi pledged to increase active pharmaceutical supplies and implored G20 nations to cut tariffs and keep up the unfettered flow of trade.

    Xi’s words don’t match his actions. In the face of this global crisis, China has hunkered down. China has tried to pin the origins of the coronavirus on the U.S. Army and on Italy. China has used this as a means to declare war on the west, and still the MSM defends China.

    How many in the MSM are taking paydays from CHINA? We know many of the major MSM organizations take lots of money to run PROPAGANDA in the form of articles written by the CCP touting the virtues of Communism and the CCP party. The NBA is taking 100’s of million from China and nearly went apoplectic when ONE GM defended Hong Kong’s actions against China.

    The tentacles of the CCP VIRUS and the CCP PROPAGANDA run deep in the world but nowhere more so than in the USA.

  3. Elwood P. Dowd says:

    Those who say this is a media hoax and that America should act as if it’s flu season are advocating the suffocation of 1 to 2 million Americans.

    Yesterday, as expected, President Trump threw the extremists under the bus by admitting that the “social distancing” needs to extend to at least April 30. He actually listened to Dr. Anthony Fauci.

    $2500/mo for ‘most’ Americans would only cost about $1 TRILLION for a quarter.

  4. Elwood P. Dowd says:

    Trump listened to the scientists and extended “social distancing”.

    On the other hand, he boasted about the ratings of his TV updates, but even worse, he accused frontline medical personnel, who are risking their lives, of stealing protective masks and selling them.

    The president is an corksoaker.

    https://www.dailymail.co.uk/news/article-8166011/Trump-accuses-health-care-workers-numerous-places-hoarding-surgical-masks.html

    • Nighthawk says:

      Because health care workers are beyond reproach and would never do such a thing right?

      https://www.businessinsider.com/people-stealing-masks-from-hospitals-and-research-facilities-2020-3

      There are plenty of other stories from all over of medical supplies being stolen. Even Gov. Cuomo asked the NY state police to investigate medical supply thefts. Is it healthcare workers? Maybe, maybe not. But it is something that needs to be investigated just as Trump said.

    • formwiz says:

      Trump listened to the scientists and extended “social distancing”.

      No, probably more like he’s got something else in mind. Like being able to say that, after careful consideration, we can end this nonsense sooner than expected. The country breathes a sigh of relief and hails him as its hero.

      When even Birx starts falling for the WHO’s garbage estimates, it’s time to use your own good sense.

      On the other hand, he boasted about the ratings of his TV updates, but even worse, he accused frontline medical personnel, who are risking their lives, of stealing protective masks and selling them.

      Right now, it’s the only thing where Commie News Net draws something other than flies.

      And frontline medical personnel are not risking their lives. Most aren’t anywhere near Flu Manchu. Notice they are not dropping like flies.

      Nor are they all saints. This kind of pilfering goes on all the time. It just doesn’t pay as well normally.

      And, in English, we say The president is a corksoaker. But, of course, he isn’t. He likes girls.

      You are a corksoaker.

      • Kye says:

        “On the other hand, he boasted about the ratings of his TV updates, but even worse, he accused frontline medical personnel, who are risking their lives, of stealing protective masks and selling them.”

        I fail to understand why Trumps “boasting” about his update rating is “boasting”. Isn’t the fukin’ point of the updates to get as much info to as many people as possible? Then it ain’t “boasting” if it’s doing the job. You are really thick.

        And most of the “frontline medical personnel” I’ve read about steal DRUGS not masks. Are these polish frontline personnel?

        Trump 2020 Keep the updates coming. It’s killing the leftists!

  5. Dana says:

    My thanks to Mr Teach for cross-posting this on my poor site. I asked him to keep up the site because, horrors! we lost internet yesterday, and didn’t get it back until around 10:00 AM this morning.

    Hmmm: I wonder if the Infernal Revenue Service has direct deposit information on us; we haven’t provided direct deposit information, because we’ve had to pay in rather than receive a refund, for several years now. I do get my Social Obscurity checks directly deposited.

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