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IRS begins delivering third round of Economic Impact Payments


Here’s how to track the status of your stimulus check
stimulus checks (Source: wafb)
By Joshua Morales | March 12, 2021 at 4:51 PM MST - Updated March 15 at 11:34 AM
TUCSON, Ariz. (KOLD News 13) - The IRS announced last week the third round of Economic Impact Payments will begin reaching Americans this week.
Following approval of the American Rescue Plan Act, the first batch of payments will be sent by direct deposit, which some recipients will start receiving as early as this weekend, and with more receiving this coming week.
Additional batches of payments will be sent in the coming weeks by direct deposit and through the mail as a check or debit card. The vast majority of these payments will be by direct deposit.

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3rd Stimulus check: Tax filing impact, the child tax credit and other FAQs


3rd stimulus check: Tax filing impact, the child tax credit and other FAQs
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CHICAGO (WLS) -- With the stroke of a pen, a third round of federal stimulus money is on the way. Your stimulus money could arrive within days. But there are questions like, how will your 2020 tax filing affect your payment? And what about those extra payments for parents?
If you're one of 22 million Americans who lost a job during the pandemic, you could benefit from having the third stimulus payment based on your 2020 tax filing.
"If you know that 2020 was a rough year for you and you didn't make as much money as you did in 2019 you should definitely file now, if you haven't filed already, you need to file asap today," says tax Preparer Connell Jones. He says the IRS will most likely use the latest income tax documentation on record, to determine how much stimulus money you're eligible to receive.

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Joe Biden stimulus package update: Why you shouldn't expect another check for weeks -- if at all

Congress is negotiating a fresh stimulus package that would include a third round of stimulus checks, but while there's broad agreement on the need for more direct payments, it will take weeks before any go out.

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