ABSTRACT

Delivery of Economic Impact Payments (EIPs) [Updated August 27, 2020]   [open pdf - 635KB]

From the Document: "To mitigate the financial hardship many Americans are experiencing during the Coronavirus Disease (COVID-19) pandemic, Congress passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act (P.L. 116-136). A critical element of the aid package is direct payments to certain individuals in 2020. The payments are referred to as 'recovery rebates' in Section 2201 of the act, but the Internal Revenue Service (IRS) refers to them as 'economic impact payments' (EIPs) in the information about the payments it sends to the general public. [...] This Insight summarizes the delivery of EIPs so far and identifies issues that have delayed the delivery of payments to certain low-income individuals."

Report Number:
CRS Insight, IN11393
Author:
Publisher:
Date:
2020-08-27
Series:
Copyright:
Public Domain
Retrieved From:
Congressional Research Service: https://crsreports.congress.gov/
Format:
pdf
Media Type:
application/pdf
URL:
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