If you collect Social Security retirement, survivor or disability benefits, you could automatically get a third stimulus check via direct deposit as long as you have your bank account on file with the IRS. Biden signed an executive order on January 22 asking the Treasury Department to deliver direct payments to all qualifying recipients. The IRS has already stated that the COVID-19 pandemic continues to cause delays in some services, including paper and electronic tax returns.įor a comparison, approximately eight million eligible recipients had not yet received payments for the first two rounds of stimulus checks as of January 2021. White House press secretary Jen Psaki said at a briefing on March 11 that roughly 90% of the stimulus payments “ will go via direct deposit to people’s bank accounts.” While these generally arrive first, you should note that payments could take extra time to process. Additional updates will be posted on the IRS website, along with a fact sheet that answers common questions.Īs a reference, the second round of $600 stimulus checks started going out to taxpayers on December 29, 2020, two days after President Trump signed the $900 billion COVID-19 stimulus package into law. Paper checks followed on December 30, 2020, and approximately 8 million prepaid debit cards with stimulus payments were also sent out. The status of your payment can be tracked on the IRS’ “Get My Payment” portal. The agency says that over one million plus-ups worth more than $2 billion were paid out in this batch. The fourth batch of stimulus checks also included “additional ongoing supplemental payments” for taxpayers, which are commonly referred to as “plus-ups.” You could qualify for a new or larger payment if you got a stimulus check in March based on your 2019 tax return and a recently-filed 2020 tax return makes you eligible for more money. And by March 24, approximately 127 million payments worth roughly $325 billion had already been paid out. Millions of Americans started getting the first wave of payments via direct deposit two days after his pledge. This adds up to more than 156 million payments delivered, and totals approximately $372 billion since the third round of checks started going out in mid-March.īiden had vowed on March 15 to deliver 100 million stimulus checks to taxpayers in 10 days. The IRS paid out a fourth batch of third stimulus checks on April 14. When Will I Get My Check and How Can I Track It?
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