Politics
Third batch of stimulus check payments ‘will start arriving in just TWO DAYS’ after payments processed
A third batch of $1,400 stimulus checks was issued by the IRS last week and are scheduled to hit bank accounts in two days time.
The IRS processed another four million stimulus payments last week, meaning 130 million Americans have received funds from the American Resue Plan signed by President Joe Biden on March 11.
The third round of $1,400 stimulus payments should begin to arrive in two days[/caption]
The latest batch of $1,400 checks will include the first stimulus payments to Social Security recipients after earlier delays, according to King5.
It will also include extra payments for those whose income changed in their 2020 tax return.
These people may have received a partial payment in March based on their 2019 tax returns.
If they are owed more due to an income change in 2020, they will receive a “plus-up” payment this week.
Americans on federal benefits are beginning to receive their $1,400 checks this week[/caption]
“These ‘plus-up’ payments could include a situation where a person’s income dropped in 2020 compared to 2019, or a person had a new child or dependent on their 2020 tax return, and other situations,” the IRS said.
Payments for Social Security recipients and other Americans who did not file a 2019 or 2020 federal tax return were processed on Friday.
The IRS said that those receiving the money in the form of a direct deposit should begin to see the money early next week, while the other half have been issued with a paper check or a prepaid debit card.
On Monday, the government body said that Social Security and Railroad benefit recipients should expect to start seeing their $1,400 checks from April 7.
It comes after a delay in the Social Security Administration sending payment information for up to 30 million Americans.
The IRS warned that Americans receiving Veteran Affairs benefits could be waiting until mid-April until they see their third stimulus payment.
Most read in News
Despite the huge amount of payments sent out so far, many are still awaiting the third check.
The IRS urges people to remember that the stimulus payments are still being processed for millions of people and can be tracked by the Get My Payment tool on its website.
You will need to enter your social security or tax identification number, which can be found on your payslip or previous tax returns, plus your date of birth and address.
