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4 Million Americans to Receive Coronavirus Payments Through Prepaid Debit Cards

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The Treasury Department announced it will deliver millions of coronavirus response payments through prepaid debit cards this week.

The department issued a release Monday saying the debit cards are a safe and secure way to make sure Americans are getting the money they desperately need.

“Treasury and the IRS have been working with unprecedented speed to issue Economic Impact Payments to American families,” Treasury Secretary Steven Mnuchin said in the release.

According to the Treasury, about 4 million people will get prepaid Visa debit cards this week.

Anyone with a Social Security number who isn’t claimed on a tax return as a dependent, earns less than $99,000 as a single filer, $198,000 as a joint filer, and $136,500 as a head of household will receive a payment.

Source: Black Enterprise - The Premier Resource for Black Entrepreneurs and Career, Tech, and Money Content for Black People - Black Ent
This Black Fact was brought to you by National Association of Black Accountants (NABA) Boston Metropolitan Chapter

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