A third batch of $1,400 stimulus checks has been sent, which this time includes “plus-up” payments for people who are eligible for more money now that their 2020 tax returns have been processed.
The latest payments bring the total number of checks issued to more than 130 million, representing a total of about $335 billion, according to the IRS.
The third batch included more than 4 million payments worth more than $10 billion. Those payments had an official payment date of March 31, but could have been received earlier, according to the tax agency.
The third wave of stimulus check delivery is well on its way, with millions of people set to get their $1,400 stimulus payments on or around April 7 as direct deposits or through the mail (track it here). This represents a new phase in delivering the third stimulus check, and it takes into account Social Security, SSI and SSDI beneficiaries (but not these veterans) and people receiving “plus-up” payments
The Internal Revenue Service and U.S. Treasury said Monday that the next batch of Economic Impact Payments will be issued this week with many coming as paper checks or prepaid debit cards. Some direct deposits began processing Friday with an official pay date of Wednesday, March 24.
Additional payments are expected to be released on a weekly basis going forward, the IRS said in a news release.
“The IRS continues to send the third round of stimulus payments in record time,” IRS Commissioner Chuck Rettig said
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