The Internal Revenue Service said another round of stimulus payments has been sent.
In the past two weeks, the IRS has disbursed more than 2.3 million additional stimulus payments, officially known as Economic Impact Payments. The latest stimulus – up to $1,400 for individuals and dependents and $2,800 for married couples – was approved in March under the American Rescue Place.
In all, the IRS has sent more than 160 million payments with a total value of $395 billion.
To qualify for a full stimulus payment, individuals must have an adjusted gross income of $75,000 or less. Qualifying AGI for couples is $150,000 or less.
The most recent round of stimulus payments includes:
- 2.3 million payments with a value of more than $4.2 billion.
- More than 900,000 payments, with a value of approximately $1.9 billion, went to eligible individuals for whom the IRS previously did not have information to issue a stimulus payment but who recently filed a tax return.
- Also included were ongoing supplemental payments for people who earlier this year 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. In the last two weeks, there were more than 1.1 million of these “plus-up” payments, with a value of more than $2.5 billion. In all, the IRS has made more than 8 million of these supplemental payments this year.
- Overall, the last two weeks of payments contain more than 1.2 million direct deposit payments with a total value of over $2.2 billion. The remainder were sent as paper check payments.
More stimulus payments will be coming over the next several weeks, the IRS said. Check the Get My Payment tool on IRS.gov to see the payment status of your payment.
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June 10, 2021 at 07:04PM
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Stimulus update: IRS sending 2.3 million more stimulus payments; Here’s who is getting one - AL.com
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