The second stimulus payment will be:A onetime stimulus payment of $600 for each individualA onetime stimulus payment of $1,200 for married or joint filersA onetime stimulus payment of $600 for dependents age 16 and underTreasury Secretary Steven Mnuchin said that the first electronic stimulus payments could reach bank accounts within a week. The key is for the IRS to have direct deposit account information for your bank account. How to get your stimulus payment direct depositedDepending on your situation, here is what you need to do to get your stimulus payment direct deposited to your bank account:1. Make sure to include your direct deposit information in this filing (where it asks if you want any refund sent by direct deposit). Add the bank account number of your account.

Source: Forbes December 22, 2020 14:51 UTC