IRS Sends Millions of Additional Stimulus Checks
The IRS has recently announced that it will continue distributing federal stimulus checks to Americans who are eligible to receive the payment.
The agency issued a total of 2.3 million payments last week. A few of these payments include “plus-up” adjustments for those who did not receive as much as they were entitled to, with previous checks.
The latest round of stimulus check payments is part of the White House’s efforts under the American Rescue Plan to issue $1,400 to every eligible adult and child. On June 9, the IRS stated it has issued over 169 million payments that have a total worth of $395 billion, with the last round of payments alone amounting to $4.2 billion.
While people started receiving the latest batch of payments in March this year, a few have had to wait months for their checks. The reason being the IRS prioritized sending out checks to those who filed their tax returns in 2019 and 2020 since the agency was able to assess and verify income eligibility and where to mail or deposit the checks quickly for those who had filed their taxes.
But people who are not required to file their returns and those who claimed adjustments on their stimulus payments have had to wait long for the IRS to issue their payments.
Among the millions of recently issued payments are 900,000 checks that were sent to those who recently filed their tax return. Another 1.1 million payments were issued as plus-up adjustments for people who were actually entitled to receive bigger checks.
The IRS announced that a total of 1.2 million payments were made via direct deposit and the remaining 1.1 million payments were sent as paper checks via mail.