Many Americans reported that their stimulus checks deposited into their accounts as early as last Saturday.

According to the IRS, if you filed your taxes for 2018 or 2019 and chose to receive direct deposit, your account could be credited this week.

A document from the House Ways and Means Committee in Congress says the IRS will make about 60 million payments to Americans through direct deposit in mid-April, likely starting this week.

Those who make less than $75,000 a year will receive direct payments of $1,200 per individual, or $2,400 for a joint return, plus $500 per dependent. This will phase out for incomes above $75,000, or $150,000 for joint filings.

Checks will go straight to bank accounts for those with direct deposit information on file with the IRS.

The agency is set to roll out an online tool, Get My Payment, on Friday, April 17, that will allow those without bank information on file with the IRS to also get their money through direct deposit, according to a news release.

Get My Payment also will allow users to check the status of their payment, including when it is scheduled to be deposited or mailed to them.

Those who don’t provide bank information will automatically get a paper check, with reports suggesting that checks will be mailed in waves throughout the summer.

Source: Mountain Top