Politics
Stimulus check update – Here’s the 2021 timeline for IRS cash relief rollout
A TIMELINE for the 2021 IRS stimulus check rollout has been released.
The first direct deposits were made on March 17, however, some people could still be receiving their cash next year.
Read our stimulus checks live blog for the latest updates on Covid-19 relief…
More $1,400 coronavirus stimulus are expected to be issued[/caption]
For those who have not yet received their relief cash, the IRS has until December 31 of this year to send the checks.
This date was mandated by the bill that President Joe Biden signed earlier this year.
The last date that Americans can receive their check is in January 2022, and this is only if their cash was mailed in late December.
However, those who did not receive a physical check or direct deposit can still claim their stimulus in their 2021 taxes.
Another batch of payments is expected to be released this week with more $1,400 stimulus checks and bonus payments being underway.
The last batch was issued last week[/caption]
The IRS is likely to issue one to three million $1,400 coronavirus stimulus checks after the last round was issued last week.
Another 1.1million stimulus checks – totaling more than $2billion – were sent via mail and direct deposit on May 5.
Those who have not yet received their $1,400 stimulus need to double-check as six hundred thousand were sent via direct deposits and five hundred thousand as paper checks or prepaid debit cards.
And those who have been eagerly waiting for “plus-up” and supplemental payments, bear in mind the last batch included more than five hundred seventy thousand of them and more are expected later this week.
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The IRS has stated that these supplemental funds are “for people who earlier in March received payments based on their 2019 tax returns but are eligible for a new or larger payment based on their recently processed 2020 tax returns.”
For example, “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.”
If you’re not sure where to find your upcoming stimulus check, the IRS has a handy Get My Payment tool that you can use to track your money.
