Still waiting on your $1,400 stimulus check? It might finally be on the way as the Treasury Department, the Internal Revenue Service, and the Bureau of the Fiscal Service announced Wednesday that another 2.2 million checks have been disbursed.
That’s a notable number, but it represents a slowdown in the number of checks sent. The total covers disbursements over the past six weeks—bringing the total number of checks sent to 171 million. Prior to this batch, the agencies sent 2.3 million checks over a two-week period (and 1.8 million in the two weeks prior to that).
Since March 12, when the first checks went out, the government has sent out over $400 billion in stimulus payments.
Of the 2.2 million payments, 1.3 million went to people who the IRS didn’t have current contact information. The remainder consists of supplemental payments for people who recently filed their 2020 taxes, earning them a bigger stimulus check. All totaled, the IRS has made more than 9 million of these supplemental payments this year worth approximately $18.5 billion.
Still waiting on a check? Don’t bother calling the IRS. The best way to track this third stimulus payment is still via the “Get My Payment” portal on the IRS.gov website.
The $1,400 stimulus payments are a part of March’s $1.9 trillion package. Single filers earning up to $75,000 are eligible for $1,400, while couples filing jointly earning up to $150,000 can get $2,800. No payments are being sent to single filers earnings above $80,000, or couples earning jointly above $160,000. Income was based on the adjusted gross income (AGI) of your most recent tax filing.
The IRS will continue making Economic Impact Payments on a weekly basis, it says. The third round of payments will likely to be the last one. The White House has played down talk of a fourth round, despite an online petition calling for more stimulus.
Subscribe to Coins2Day Daily to get essential business stories straight to your inbox each morning.
