Third Round of $1,400 Stimulus Checks Rolled Out Bringing Total to About $391B
5 hours ago by Steve Muchoki · 3 min read
Photo: Depositphotos
You have successfully joined our subscriber list.
Erica York, a Tax Foundation economist, reported that most eligible Americans should automatically receive their stimulus checks and “plus-ups”.
The United States federal government has paid out 167 million stimulus checks each worth $1,400, bringing the total payments made to an estimated $391 billion. This third round was worth over $3.5 billion distributed in over 1.8 million checks.
The IRS recently processed tax returns, giving the cue for payment of the stimulus checks. Most of the checks come as “plus-up” payments for those who routinely file taxes. The rest were checks to citizens who did not pay taxes initially but began doing so in order to claim the stimulus payments.