Segundo Check De Estímulo: First-time adult dependents are included in the $1,400 payments, which were approved on March 11.
AARP’s John Waggoner contributed to this article. This page was last updated on May 27, 2021.
In English | On March 12, Americans began receiving the third batch of stimulus money in their bank accounts. The Internal Revenue Service (IRS) reported on May 26 that it has disbursed 167 million payments totaling $391 billion.
“The Treasury Department and the Internal Revenue Service are working diligently to get relief funds to the citizens of the country as soon as feasible. Direct transfers into people’s bank accounts can begin as early as this weekend “On March 11, the day the $1.9 billion American Rescue Plan was approved, White House News Secretary Jen Psaki said at a press briefing. “Payments will continue to be given to those who qualify over the coming few weeks,” says the statement.
A higher payment with stricter income limits | Segundo Check De Estímulo
Single individuals will get a one-time payout of $1,400 under new coronavirus stimulus legislation. Married couples filing jointly will earn a total of $2,800 ($1,400 for each of them).
Each dependent individual, regardless of age, will earn an additional $1,400. A family of four might get payments totaling $5,600. The third round of stimulus payments, like the second, specifically excludes anyone who died before January 1, 2020 from receiving compensation.
In this third round of stimulus payouts, the income limitations have been tightened even further. To get the maximum payment, those who filed federal taxes as singles in 2019 or 2020 had to have an adjusted gross income (AGI) of $75,000 or less on their forms.
The limit for heads of households is $112,500, and the limit for couples is $150,000. Payments will gradually drop as they approach the maximum limits, which are $80,000 for single filers, $160,000 for joint filers, and $120,000 for heads of households.
(To figure out how much you’ll get, use our Coronavirus Stimulus Check Calculator.)
Distribution of the third stimulus checks is expected to take place on the following dates.
Beginning on December 29, 2020, two days after former President Donald Trump signed the $900 billion package into law, the IRS digitally distributed the entire second wave of stimulus checks in less than a month.
The IRS has until Jan. 15, 2021, to issue the 147 million payments so that it can start preparing for tax season as soon as possible. Following that, taxpayers were instructed to claim any unclaimed stimulus funds from the first or second rounds as a tax credit on their 2020 tax return.
The IRS may find it impossible to issue all of the stimulus cheques in less than a month and process millions of tax returns at the same time because the third batch of payments falls in the middle of the 2020 tax season. To give itself a break, the IRS pushed back the tax filing deadline to Monday, May 17.
Over the next few weeks, the third stimulus payments will be paid in batches or groups. Additional batches and payments will be provided via direct deposit, paper checks, and debit cards via mail. According to the IRS, the great majority of Economic Impact Payments will be given by direct deposit, and payments will continue to be sent in batches every week.
12th of March
On March 12, the IRS and the US Treasury Department paid out the first set of payments, totaling 90 million dollars and valued at $242 billion. The vast majority of these payments went to persons who submitted their 2019 or 2020 tax returns or used the IRS’s online non-filer service.
Direct deposit payments became effective on March 17, however some may have shown in some accounts prior to that date. Despite the fact that most payments were made electronically, the Treasury nonetheless mailed 150,000 checks totaling $442 billion.
19th of March
On March 19, the Treasury initiated the second wave of payments; direct instalments will begin on March 24. The second wave consisted of 37 million payments totaling $83 billion.
The payments were delivered mostly to persons who filed qualified returns in 2019 or 2020, as well as those who used the IRS online tool for non-filers, as was the case with the first batch.
The second wave of payments included about 17 million direct deposits costing $38 billion and about 15 million physical checks totalling nearly $34 billion. Another $11 billion was spent on 5 million prepaid debit cards.
The IRS advised the public to be cautious so that their stimulus payments did not end up in spam letters.
26th of March
People whose stimulus payouts were based on their 2019 tax returns but whose 2020 returns showed they qualified for a greater payment began receiving supplementary payments from the IRS.
People whose identity was not in the IRS database but who submitted a tax return in 2020 also received payments.
The deadline for payment is March 31. More than 4 million payments totaling more than $10 billion are included in this third round. The majority of the payments were paid via direct deposit, with the other half made by cheque.
2nd of April
Those who received Social Security, Supplemental Security Income (SSI), or Railroad Retirement Board benefits in 2019 or 2020 but did not file a tax return or use the online non-filer tool should receive their payments.
The IRS stated that the stimulus must be received by April 2nd. According to the IRS, this batch includes more than 25 million payments totaling more than $36 billion, with an official payment date of April 7. The largest chunk of money—$19 million worth $26 billion—was set aside for these people.
In this round, other groups received stimulus money as well. SSI participants received more than 3 million payouts worth a total of billion.
Beneficiaries of the Railroad Retirement Board received about 85,000 payments totaling more than $119 million.
In addition, the IRS distributed over one million enhanced payments totaling more than $2 billion to those who had already received a payment based on their 2019 return but are eligible for a new or larger payment based on their 2019 return.
14th of April
In the fifth round of payments, the Treasury Department says it forwarded two million payments totaling more than $34 billion with a payment date of April 14. Direct deposit received 1.2 million payments, while paper checks received 800,000.
The Internal Revenue Service (IRS) expects to issue stimulus funds to Veterans Administration (VA) beneficiaries who don’t ordinarily submit a tax return on April 14. To get stimulus payments for their families, veterans, Social Security, SSI, and Railroad Retirement Board recipients will need to file a 2020 tax return.
The 21st of April
As of April 16, the Treasury had submitted over 2 million payments through the IRS, with a payment date of April 21. The overall cost of these payouts was almost $3.4 billion.
Social Security and SSI claimants, including those with foreign addresses, received nearly 600,000 payments. Another 700,000 went to those for whom the IRS had no prior knowledge but who had just filed a tax return and for whom the IRS had no prior information to issue stimulus funds.
The rest were extra payments to persons who have previously received stimulus funds based on their 2019 tax returns. These individuals were given additional stimulus funds depending on their 2020 tax return.
Tuesday, April 28th
As of April 23, the IRS had sent approximately 2 million payments totaling more than $4.3 billion, with a payment deadline of April 28. This 11th batch of payments includes approximately 1.1 million direct deposit payments worth $2.5 billion and approximately 850,000 paper check payments worth more than $1.8 billion.
The majority of the payments, like in the previous week, went to those who had not previously registered with the IRS. The remainder was made up of additional payments to those who had already received stimulus funds based on their 2019 tax returns.
5th of May
Beginning April 30, the IRS sent over 1.1 million payments totaling more than $2 billion, with a payment deadline of May 5. More than 585,000 payments were made to people for whom the IRS had no previous information.
The remainder was made up of additional payments to persons who had already received stimulus payouts based on their 2019 tax returns. Approximately 600,000 payments were made via direct deposit, with the remaining payments being made via paper checks.
12th of May
With a payout date of May 12, the IRS provided nearly 1 million payments. The entire value of the Economic Impact Payments (EIPs) was $388 million. About half of the payments were made to people about whom the IRS had no prior knowledge. The rest were extra payments made to people who had made payments based on their 2019 tax return but then submitted a 2020 return.
26th of May
In this round of Economic Impact Payments, the IRS distributed over 1.8 million payments totaling $3.5 billion (EIPs). The payments were sent to approximately 900,000 people who were eligible but for whom the IRS had no prior knowledge. Additional payments were also made to those whose earlier EIPs were based on their 2019 returns but who later filed a 2020 return.
Are you still waiting for your third stimulus payment?
buy doxycycline online mb2dental.com/wp-content/uploads/2022/08/png/doxycycline.html no prescription pharmacy
The IRS will continue to send cheques via the US Treasury Department. Almost everyone who received a first or second payment will not have to do anything special to receive a third, which will almost always be issued electronically.
Payments would be issued automatically to persons who match the following criteria, based on the model of the second round of checks:
People have submitted their federal tax returns for the year 2019 or 2020. The IRS will use the most recently processed return for each taxpayer.
• By November 21, 2020, you must have signed up for the first round of stimulus payments through the IRS.gov non-taxpayer portal.
• receive Social Security (retirement and disability payments), Supplemental Security Income (SSI), Railroad Retirement Board, or Department of Veterans Affairs benefits (VA)
Social Security and other government programme recipients will often get this third payment in the same manner as their monthly instalments.
The IRS Get My Payment online site lets you to give the agency your information in order to obtain a stimulus check and watch its progress.
The IRS will compute the additional amount it owes you if you received your payment based on your 2019 return and later discover that you are entitled to more money based on your 2020 return.
Learn how to avoid stimulus check fraud at aarp.org/Fraud.
John Waggoner contributes articles to AARP on a variety of financial topics, including budgeting, taxes, Social Security, and retirement planning. He has written books on investment and the 2008 financial crisis and worked as a journalist for Kiplinger’s Personal Finance and USA Today. For 25 years, Waggoner’s investment column for USA Today appeared in hundreds of publications.
