IRS

Some recipients of the $1,200 stimulus check are grateful for the cash, but likened it to a band-aid that won't get them through May

An estimated 80 million Americans were supposed to receive their stimulus check Wednesday

Here are some indicators to be on the watch for.

Treasury Secretary Steven Mnuchin urged Americans to take advantage of a new tool coming online this week.

At the heart of the largest relief plan in recent memory is $1,200 checks for individuals who earn less than $75,000 annually.

Paper checks are expected to begin being sent the week of April 20.

Social Security beneficiaries will receive their payments automatically.

The tool is designed for people who do not normally need to file tax returns.

According to data from the IRS, more than 93.3 million Americans had filed their return as of April 3.

The new guidelines apply to certain businesses, tax-exempt organizations and more.

Cash should begin hitting direct deposit accounts at the beginning of next week.

The IRS is speeding up its coronavirus relief efforts.

Thieves also have a longer tax season to prey on victims now that the deadline has been extended until July 15. 

By extending the deadline, the federal government is allowing individuals and businesses to hold onto their cash longer as they deal with the fallout from the virus outbreak

The agency has been tasked with sending out relief checks to American households in the middle of tax season.

Tax filing extension would be part of broader fiscal stimulus effort

The tax agency has to build cash rooms in order to collect tax revenues, the U.S. Treasury Secretary said.

Mnuchin said he believes the $10,000 SALT cap is fair and he acknowledged that a number of wealthy residents have left high-tax states since the measure was implemented.

The average tax refund so far this year is $3,125.