Stimulus payments in Ohio top $8 billion; still time to file

Credit: DaytonDailyNews

caption arrowCaption
The IRS has made more than 4.9 million stimulus payments to Ohioans with a total value in excess of $8.3 billion, and residents still have time to get their money directly deposited into their bank accounts.

Credit: DaytonDailyNews

The IRS has made more than 4.9 million stimulus payments to Ohioans with a total value in excess of $8.3 billion, and residents still have time to get their money directly deposited into their bank accounts.

In the first four weeks of the federal government’s economic impact payment program, more than 130 million people nationwide have received more than $200 billion in direct payments to help during the coronavirus pandemic.

The IRS says more than 150 million stimulus payments will be issued in total, including millions still remaining to be distributed in coming weeks.

“We are working hard to continue delivering these payments to Americans who need them,” said IRS Commissioner Chuck Rettig said in a statement.

Coronavirus: Complete Coverage by the Dayton Daily News

Automatic payments have been made to people who filed a tax return in 2018 or 2019, receive Social Security retirement, survivor or disability benefits and recipients of Supplemental Security Income and Veterans Affairs benefits who did not file a tax return in the last two years, the IRS said.

Stimulus payments will continue to be made throughout the year, and Ohioans who have not received payment are encouraged to visit the IRS’ online Get My Payment tool by noon Wednesday, May 13, to potentially speed up the time it takes to be delivered a check.

Ohioans are running out of time to obtain a direct deposit into their bank accounts. The Internet tool allows residents to provide their direct deposit information.

The IRS says later this month it will greatly increase the number of paper checks being mailed out.

The agency says after noon on Wednesday it will begin preparing millions of files to send to the Bureau of Fiscal Services to issue paper checks that will begin arriving through late May and into June.

“For those who don’t receive federal benefits and didn’t have a filing obligation in 2018 or 2019, the IRS continues to encourage them to visit the Non-Filer tool at IRS.gov so they can quickly register for Economic Impact Payments,” the agency said.

About the Author