The check is almost in the mail for more than 120 million taxpayers

About 120 million U.S. taxpayers will qualify for direct payments from the government under the historic $2.2 trillion economic relief bill to combat the impact of the coronavirus, according to a conservative advocacy group’s analysis.

American Action Forum said IRS statistics show that 120 million taxpayers in 2017 were in income brackets meeting the bill’s guidelines for the new cash payments. The program is expected to cost the government around $300 billion.

Treasury Secretary Steven T. Mnuchin has said checks of up to $1,200 per person and $500 per child will go out within three weeks of President Trump signing the legislation, which could come as early as Friday. The House is expected to vote on the package on Friday, after the Senate unanimously approved the measure late Wednesday night.

The IRS will send the money by direct deposit to taxpayers who have set up that capability; otherwise checks will be mailed.

-Read More