Illustrative image of the stimulus check sent by the federal government.
Thomas Cain / Getty Images
The Internal Revenue Service (IRS), the United States Department of the Treasury, and the Office of the Tax Service they were credited with sending an additional 2 million third stimulus check payments of $ 1,400 worth more than $ 3,400 million. to four groups of people in the United States in the most recent batch of shipments that include recipients of government programs such as those of the Social Security Administration (SSA) Y Veterans Affairs (VA).
With this batch, which authorities identified as the fifth, the federal government has issued some 159 million payments with a value of more than $ 376 billion, since these payments began to be issued to Americans on March 12.
According to an IRS statement on Wednesday, the most recent batch of payments began processing on Friday, April 9, with an official payment date of yesterday, April 14.
Before that date, payments appeared in people’s bank accounts as provisional or pending deposits.
The four groups that received stimulus payments this week
• More than 320,000 payments, with a total value of $ 450 million, were issued to Veterans Affairs (VA) beneficiaries who receive Compensation and Pension (C&P) benefit payments, but who do not normally file a tax return and do not use the ‘Non-Filers’ tool last year.
• Nearly 850,000 payments, with a total value of nearly $ 1.6 billion, were directed to eligible individuals for whom the IRS did not have information to issue economic impact payments. However, they did file tax returns this year.
• Additional or supplemental payments for Americans who received payments based on their 2019 tax returns earlier this year, but are due a new or higher payment based on their later processed 2020 tax returns. This lot included more than 700,000 of these “additional” payments, with a total value of more than $ 1.2 billion.
• Another 72,000 payments were issued to Social Security recipients who did not file a 2020 or 2019 tax return and did not use the Non-Filers tool last year.
Almost 1.2 million payments were made as direct deposits (with a total value of just under $ 2 billion) and some 800,000 payments were processed as paper checks with a value of more than $ 1.4 billion and were sent by mail.
“A larger percentage of payments were issued electronically during this payment round than during previous rounds. This accelerated the delivery of payments to millions of American families whose payments would have been mailed. More than 95% of all Social Security beneficiaries have received their payments electronically during this round of payments, compared to 70% in the first round and 72% in the second round, “the agency specified in the press entry. .
The IRS indicated that it will continue to issue economic impact payments on a weekly basis. Ongoing payments will be sent to eligible individuals for whom the IRS previously 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.
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Eddie is an Australian news reporter with over 9 years in the industry and has published on Forbes and tech crunch.