Treasury Plans to Reclaim Stimulus Payments Sent to Deceased
- Money went into bank accounts of people who have died recently
- IRS relied on documents from as long ago as 2018 for payments
The U.S. Treasury building stands in Washington, D.C.,
Photographer: Al Drago/BloombergThis article is for subscribers only.
The U.S. Treasury Department is planning to instruct people whose deceased relatives received coronavirus stimulus payments to return the money to the federal government, according to a department spokesman.
The Treasury is aware that some individuals who have recently died received the $1,200 economic impact payments and plans to issue guidance in the coming days, the spokesman said.