The payments phase out much more quickly than in previous rounds The Internal Revenue Service and U.S. Treasury have announced via their latest update that more than twenty-five million coronavirusstimulus checks worth $36 billion have been disbursed this week to cash-strapped Americans. To date, this fourth batch of stimulus checks now brings the total number of payments to 156 million worth $372 billion. In all, about 85 percent of stimulus checks sent so far have been direct deposited in bank accounts, the IRS noted. While millions of U.S. taxpayers already have gotten their hands on the latest round of payments, there are still plenty of individuals who have yet to see a dime from the much-needed stimulus funds.