- The IRS is expected to continue sending out the additional stimulus payments on a weekly basis.
- The additional or Plus-up payments are intended to correct any changes in the amount owed to taxpayers.
- If you are eligible, these additional payments will be accessible once you submit your taxes.
The IRS is expected to continue sending out weekly payments of additional stimulus checks, also known as Plus-up checks, to taxpayers who have filed their 2020 tax return, as reported by the US agency.
“Ongoing payments will be sent to eligible individuals for whom the IRS did not have information to issue a payment but who recently filed a tax return, as well as to individuals who qualify for additional payments,” the statement read.
Weekly Plus-up checks will arrive
The additional or Plus-up payments are intended to correct any changes in the money owed to taxpayers who have already received their third stimulus check based on their 2020 tax returns. In these cases, a person may be eligible for a new or higher payment based on your recently processed tax return.
If you are eligible, these additional payments will be accessible once you submit your taxes. The IRS began disbursing the fifth batch of stimulus payments on April 9, which included the $ 1,400 stimulus checks and 700,000 additional payments totaling $ 1.2 billion.
The federal government has sent 159 million checks
Two million stimulus checks worth more than $ 3.4 trillion came out in the fifth batch with 1.2 million direct deposit payments and 800,000 paper checks, according to the IRS. So far, the federal government has sent 159 million aid checks.
People began receiving their third stimulus check after President Joe Biden signed the Covid-19 Relief Bill on March 11. Recipients of Social Security Income (SSI) began receiving their third stimulus check earlier this month.
You still have time to receive your Plus-up check
Those who have not filed their taxes still have time to receive their Plus-up check. The IRS extended the deadline for filing taxes without penalties or interest to May 17, giving more time to file your returns as the agency implements sweeping changes to the tax code of the latest COVID-relief package. 19.
Stimulus check payments are $ 1,400 for a single person or $ 2,800 for a married couple filing jointly, plus an additional $ 1,400 for each dependent child. People who earn up to $ 75,000 receive full payments, as do married couples with incomes up to $ 150,000.
See the Get My Payment tool
Keep in mind that stimulus check payments decrease for people with incomes above these thresholds and are phased out for people with incomes of $ 80,000 and up and $ 160,000 for married couples.
If in doubt, people can check the Get My Payment tool on the IRS website to see the status of their stimulus and Plus-Up payments. Additional information on economic impact payments is also available on the IRS website.
You do not need to review it multiple times, as the data is updated once a day, usually overnight. Through the website you can confirm if you qualify for the payment, if your payment has already been sent, what payment method corresponds to you (direct deposit, physical check or prepaid card) and what is the status of your check for $ 1,400 dollars .
The Internal Revenue Service (IRS) continues its effort to help homeless people during the pandemic by reminding them that they may qualify for economic impact payments and other tax benefits even if they do not have a permanent address or bank account.
Share the information
While these economic impact payments continue to be made automatically to most individuals, the IRS cannot issue the $ 1,400 payment to eligible individuals even if the tax agency does not have them in its system.
To help the homeless, rural poor, and other historically underserved groups, the IRS urges community groups, employers, and others to share information about economic impact payments and help more eligible people file a tax return so they can receive everything they are entitled to.
The IRS works hard
“The IRS has been working directly with groups within and outside the tax community to deliver information directly to the homeless and other groups to help them receive economic impact payments,” said IRS Commissioner Chuck Rettig.
“The IRS is working hard in this effort, allowing millions of people who normally do not file taxes to receive these payments. But we have to do more and we appreciate all the help we have been receiving from national and local groups to help in this effort to reach people who desperately need this help, “he added.