The Internal Revenue Service and the Treasury Department has announced they will begin delivering a second round of Economic Impact Payments as part of the Coronavirus Response and Relief Supplemental Appropriations Act of 2021.
Direct deposit payments will begin arriving with a payable date of January 4, 2021. The IRS emphasis that there is no action required by eligible individuals to receive the second payment.
Starting Wednesday, December 30, paper checks will begin to be mailed. The checks will be dated January 6, but the Treasury has confirmed that it will not return any checks deposited or cashed before that day. Checks are being processed at a rate of approximately 5-7 million per week. Due to the large amount being printed, it may take 4-5 weeks for all checks to be printed and mailed. Prepaid cards totaling about 3 million per week will start to be mailed on January 4.
To check the status of your economic impact payment please visit the IRS's Get My Payment online portal, which is expected to be updated this weekend.