In the last few weeks, an additional 2 million COVID incentives have been paid.
More than four months have passed since President Joe Biden signed the COVID-19 bailout bill, and most Americans have received $ 1,400 checks, but those checks have not yet been issued.
Another 2.2 million incentives from the passage of the US rescue program in March came out in the last six weeks.They are included Almost 1 million “plus up” payments, The IRS said on Wednesday. Currently, approximately 171 million stimulus payments worth over $ 400 billion are being distributed.
Americans who earned up to $ 75,000 in 2020 are the biggest Check for $ 1,400 Under the American Rescue Plan. Couples who jointly file tax returns and earn up to $ 150,000 will receive $ 2,800.. The amount received is reduced to zero for individuals who earn up to $ 80,000 and couples who earn $ 160,000. There is a $ 1,400 kicker for each dependent in the household.
The 2.2 million payments announced on Wednesday show the latest batch of checks issued since then. The bill was signed on March 11th.. According to the IRS, these batches included 1.3 million payments to people for whom government agencies did not previously have information to fund them.
There are about 900,000 “Plus up” payment The IRS said these recent batches are worth more than $ 1.6 billion. The IRS now states that it has paid 9 million “plus-up” payments, a supplementary payment made to those who filed taxes weeks before the bill was signed.
The IRS states that more payments are expected in the future for the above two groups.
Stimulation Check: A $ 1,400 payment was paid to these people.
Source link Stimulation Check: A $ 1,400 payment was paid to these people.