ANOTHER batch of payments is expected to be released this week with more $1,400 stimulus checks and bonus payments being underway.
The IRS is likely to issue one to three million $1,400 coronavirus stimulus checks after the last round was issued last week.
Another 1.1million stimulus checks – totaling more than $2billion – were sent via mail and direct deposit on May 5.
Those who have not yet received their $1,400 stimulus need to double-check as six hundred thousand were sent via direct deposits and five hundred thousand as paper checks or prepaid debit cards.
And those who have been eagerly waiting for “plus-up” and supplemental payments, bear in mind the last batch included more than five hundred seventy thousand of them and more are expected later this week.
The IRS has stated that these supplemental funds are “for people who earlier in March received payments based on their 2019 tax returns but are eligible for a new or larger payment based on their recently processed 2020 tax returns.”
For example, “these ‘plus-up’ payments could include a situation where a person’s income dropped in 2020 compared to 2019, or a person had a new child or dependent on their 2020 tax return, and other situations.”
If you’re not sure where to find your upcoming stimulus check, the IRS has a handy Get My Payment tool that you can use to track your money.
Even if you haven’t gotten a check, you could still receive money through the Biden’s proposed American Families Plan.
There are five more ways you could be sent extra money in Biden’s next two relief bills.
And although the fourth stimulus check remains in question there are some tips that will help you with your finances and help you make some extra cash during the pandemic.
However, calls for a fourth stimulus check have been mounting with more than 75 lawmakers supporting a further round of stimulus checks, possibly with recurring monthly payments until the end of the pandemic.
As of this week, a Change.org petition for monthly recurring checks of $2,000 has racked up over two million signatures and appeared on Change.org’s top 10 petitions that changed 2020.
