Did you just get surprised by a little extra stimulus cash in your bank account? Maybe.
The Internal Revenue Service said late Thursday that its third batch of payments includes what it calls the first of many plus-up stimulus payments.
The “plus-up” payments will continue on a weekly basis going forward, the IRS said, as the IRS continues processing tax returns from 2020 and 2019. Yes, some 2019 returns need to be processed, too.
Under some circumstances, a person could be eligible for a new or bigger Economic Impact Payment based on their recently processed tax returns.
Perhaps a couple s income fell significantly after a spouse lost a job during the pandemic last year, and they ended up making far less money than they reported on their 2019 income tax return.
IR-2021-72, April 1, 2021
WASHINGTON Today, the Internal Revenue Service, the U.S. Department of the Treasury and the Bureau of the Fiscal Service announced they are disbursing several million more payments in the third batch of Economic Impact Payments from the American Rescue Plan. This brings the total disbursed so far to more than 130 million payments worth approximately $335 billion.
As announced on March 12, Economic Impact Payments continue to roll out in batches to millions of Americans. The third batch of payments began processing on Friday, March 26, with an official payment date of March 31, with some people receiving direct payments in their accounts earlier as provisional or pending deposits. Here is additional information on this batch of payments:
IRS, Treasury disburse more Economic Impact Payments, total tops 130 million with more on the way – Sheridan Media sheridanmedia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sheridanmedia.com Daily Mail and Mail on Sunday newspapers.
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The FINANCIAL The Internal Revenue Service, the U.S. Department of the Treasury and the Bureau of the Fiscal Service announced they are disbursing approximately 37 million payments in the second batch of Economic Impact Payments from the American Rescue Plan. This brings the total disbursed payments from the American Rescue Plan to approximately 127 million payments worth approximately $325 billion, IRS notes.
As announced on March 12, Economic Impact Payments will continue to roll out in batches to millions of Americans in the coming weeks.
The second batch of payments includes direct deposits, as well as paper checks and debit cards being sent through the mail. Here is additional information on the second batch of payments:
Stimulus check update: IRS releases next payment dates for Social Security, SSI, other federal beneficiaries
Updated 6:06 AM;
Today 6:06 AM
The IRS said stimulus payments for those on federal benefits will start to be processed as early as this weekend. (Matt Rourke/AP)AP
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The IRS and the U.S. Treasury Department said Tuesday that stimulus payments from the $1.9 trillion coronavirus relief bill for those who receive federal benefits but do not file a tax return will begin to be issued this weekend.
The agencies said they project the majority of the payments would be sent electronically and received on Wednesday, April 7.