Politics
New batch of $1,400 stimulus checks includes ‘plus-up’ and first-time payments… are you getting one?
STIMULUS checks worth up to $1,400 continue to be sent to Americans across the country as the IRS has released its latest batch.
The bumper package also features 400,000 “plus up payments” and approximately 500,000 people will be receiving checks after filing their tax returns for the first time.
A new batch of stimulus checks worth up to $1,400 has been sent out to Americans[/caption]
More than 960,000 checks up to $1,400 have been sent out, CNBC reports.
Over half are being sent by direct deposit while the rest are being distributed in paper format.
There are 460,000 plus-up payments which are said to be worth approximately $800million.
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.”
Americans may receive plus-up payments if their income dropped in 2020 compared to 2019, or if they have added a dependent to their tax return.
First-time checks, worth up to $1billion, will be sent out to over 500,000 Americans nationwide.
Approximately 500,000 Americans will be receiving first-time payments[/caption]
You may receive a payment if you have filed your tax returns for the first time.
The latest package comes as Americans are demanding a fourth round of stimulus checks following the shutdown of the Colonial Pipeline.
Following the gas shortage, some people have asked for more cash due to the inconvenience and potential hike in prices.
One wrote on Twitter: “We need another stimulus check after this gas line bs.”
Meanwhile, another echoed the sentiments, demanding: “Can we expect a third stimulus check for gas money$$$??”
As of this week, a Change.org petition for monthly recurring checks of $2,000 has racked up over two million signatures.
The petition was started by Denver, Colorado-based restaurant owner Stephanie Bonin last year.
Support for the proposal has continued to grow since January as 56 Democratic legislators stressed the need for recurring payments in a letter to President Biden.
It read: “Recurring payments would provide a long-term lifeline to struggling Americans for the duration of this deadly pandemic.”
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In another letter sent to President Biden on March 2, 11 Democratic senators including Senator Elizabeth Warren and Senator Bernie Sanders pushed for recurring monthly payments.
The letter cited an Urban Institute study that concluded just one additional $1,200 check, along with additional unemployment insurance, could keep 12 million Americans above the poverty line.
According to Newsweek, online searches for “Biden fourth stimulus” and related terms skyrocketed by 250 percent during Biden’s speech to Congress marking his hundredth day in office.
