You now can track your payment, IRS says

President Biden signed the bill into law on Thursday, which includes $1,400 of direct economic assistance to millions of Americans.

People with adjusted gross income exceeding $75,000 will receive smaller payments, which drop to zero once income hits $80,000.

Following approval of the $1.9 trillion American Rescue Plan Act, the first batch of payments will be sent by direct deposit, which some recipients will start receiving as early as this weekend, with more receiving the stimulus money this coming week, according to the IRS.

Processing of the first batch of stimulus payments began on Friday and more will roll out in the "coming weeks", an official with the Treasury Department told reporters on a Friday call. The payment starts declining for married couples when income exceeds $150,000 and goes to zero at $160,000. For individuals who are the head of household, the adjusted gross income must be $112,500 or below. Taxpayers will receive the same amount for each dependent.

The IRS had said Friday night that the Get My Payment tool would not be available until Monday.

Daylight saving time is back: Set clocks forward this weekend
That's when we "fall back", or turn the clocks back one hour and "gain" that hour of sleep back. The earliest sunsets of the year, at 4:48 p.m., will occur December 2-14.

People can now track their stimulus payments using the IRS' Get My Payment tool, which has been reopened for the third stimulus payment, the IRS said on Saturday. A payment date for this group is expected to be announced soon. If you haven't been receiving past payments via direct deposit then, obviously, you could be waiting a bit longer for a paper check or debit card to come in the mail.

This is the third round of direct payments that have been enacted since the start of the pandemic. Officials said that the IRS has worked with banks to make sure the agency has the correct account information for taxpayers, and that it has developed a process in which payments can be returned and reissued if they're initially sent to incorrect bank accounts.

Treasury and the IRS will automatically be issuing payments to people based on their 2019 tax returns or their 2020 returns when those have already been processed. That includes anyone who used the IRS non-filers tool a year ago, or submitted a special simplified tax return.

In addition, the IRS will automatically send stimulus checks to people who didn't file a return but receive Social Security retirement, survivor or disability benefits (SSDI), Railroad Retirement benefits, Supplemental Security Income (SSI) or Veterans Affairs benefits.

The third stimulus payment will be larger for most people. The $1,400 payments will go to each adult, child and adult dependent, such as college students or elderly relatives.

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