IRS SENDS 1.8 MILLION MORE CHECKS
IRS sends 1.8 million more checks. 1.8 million additional stimulus checks have been disbursed in the newest round of payments from the IRS, in total the third round of payments being 167 million, including add on payments for underestimated checks that were already sent out. Approximately $391 billion in stimulus payments have been sent so far, about 87% of the $450 billion earmarked earmarked for direct for direct relief, the IRS said in a press release. More than 900,00 payments were sent to people who previously didn’t have information on file at the IRS but recently filed a tax return. IRS sends 1.8 million more checks.
This batch also included more than 900,000 “plus up” payments for people who had their stimulus check calculated based on their 2019 tax return, but are now eligible for a bigger payment. This could be the case for people whose 2020 income was lower than their 2019 income or who had a baby or a dependent added to their 2020 tax return that qualified them for a larger payment. About 900,000 of the payments were directly deposited into Americans bank accounts, while the remaining payments were mailed as paper checks or prepaid debit cards. White House. Eligibility will be based on your most recent tax return and your adjusted gross income. For the third round of checks, the IRS will use your 2018 or 2020 tax return to determine if you qualify for the direct payment.
Social Security beneficiaries, Disability beneficiaries, Supplemental Security Income recipients, Railroad Retirement Board beneficiaries, and Veteran Administration beneficiaries are all eligible for the payment even if they didn’t file the 2019 or 2020 tax returns. Eligible taxpayers who used the IRS non filer tool for the first round of checks will be treated as providing returns and will also receive payments. Deceased people may also receive a payment. Checks will go to all eligible taxpayers who were alive as of Jan.1 2021.