Stimulus Money to be Deposited Today, January 4, 2021 According to U.S. Treasury

(File Photo)

Story by Beaver County Radio Program Director/News Director Frank Sparks

(Beaver Falls, Pa.) Early last week secretary of the United States Treasury Steven Mnuchin took to Twitter and told Americans that their stimulus money would be deposited into their accounts as soon as last Wednesday, December 30, 2020. Americans were disappointed when they checked their bank accounts and find out this was not the case. Even though Secretary Mnuchin looked like he was wrong in saying that the fact was that he was just a couple days off. For most Americans, the 600-dollar stimulus was either deposited to their banking accounts over the weekend or it was set to be deposited to their accounts today. Beaver County Radio’s Frank Sparks spoke with a couple local banks who said they received a letter from the United States Treasury stating that the funds would be available starting on January 4, 2021. If the IRS does not have your banking info to direct deposit the stimulus  money they  will send out a paper check this week.  To receive the stimulus you have to have filed your 2019 taxes with the IRS. Whether you are eligible or not is based on your 2019 taxes.  If you made under $75,000 as a single person or $174,00 as a couple you are eligible to receive the full amount of $600 for a single person or $1200 Per couple. You may also be eligible to receive an additional $600 for each dependent child. That $600 per child has a limit of two children. No one is to receive more than $2400 in stimulus money.