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Economic impact payments on their way

The IRS and the Treasury Department began issuing a second round of Economic Impact Payments.

The direct deposit payments may take several days to post to individual accounts. Paper checks also began going out and will continue to be sent through January. Besides that, some people will be mailed debit cards in January.

There is no action required by eligible individuals to receive this second payment. The payments are automatic, and people should not contact their financial institutions or the IRS with payment timing questions.

More information: www.irs.gov/eip

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