$1,400 Richer? Two Million Stimulus Checks Just Went Out.

$1,400 Richer? Two Million Stimulus Checks Just Went Out.

As folks have filed their tax returns, the IRS finally has some of the missing information it needed to send checks to some of those Americans.

Many cash-strapped Americans are rejoicing amid the news that the Internal Revenue Service and the Treasury Department have begun disbursing the much-anticipated sixth batch of coronavirus stimulus checks to two million more U.S. taxpayers.

This particular batch under President Joe Biden’s $1.9 trillion American Rescue Plan has lifted the total number of disbursements to one hundred sixty-one million payments, valued at more than $379 billion.

The figures to date represent more than 85 percent of the $450 billion total earmarked for stimulus funds of this round.

As for the most recent two million payments, worth nearly $3.4 billion, about nine hundred thousand of them were issued via direct deposit, while 1.1 million were sent out as paper checks, with the United States Postal Service likely delivering most of them.

A sizeable number of the newest recipients included those whom the IRS did not previously have on record. Because of this, the agency had no way of properly sending out the payments.

But after processing their most recent tax returns, the agency was able to disburse about seven hundred thousand checks, which are worth more than $1.3 billion.

Keep in mind that the federal government for weeks had been urging Americans who do not receive federal benefits or typically file tax returns to submit one this year in order to provide their necessary payment information to receive the stimulus funds.

There was also great news for those who have been waiting patiently for “plus-up” or supplemental checks, of which another seven hundred thousand were issued.

According to the IRS, these particular payments are reserved “for people who earlier in March 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.”

It continued: “These ‘plus-up’ payments could include a situation where a person’s income dropped in 2020 compared to 2019, or a person had a new child or dependent on their 2020 tax return, and other situations.”

It has been estimated that the agency will ultimately disburse more than $1.2 billion worth of these supplemental payments in the coming weeks.

Fortunately, the latest batch didn’t forget about federal beneficiaries—as roughly six hundred thousand payments were sent out to Social Security and Supplemental Security Income beneficiaries, including those individuals with foreign addresses.

For those who just can’t wait any longer and want some sort of answer regarding their payment status, know that there are options available. One of the best ways is the “Get My Payment” tool at www.irs.gov/coronavirus/get-my-payment. To use it, one will just need to enter his or her full Social Security or tax ID number, date of birth, street address, and ZIP code.

Others can request an IRS payment trace. To request one, first call the IRS at 800-919-9835 or mail or fax a completed Form 3911, “Taxpayer Statement Regarding Refund.”

Ethen Kim Lieser is a Minneapolis-based Science and Tech Editor who has held posts at Google, The Korea Herald, Lincoln Journal Star, AsianWeek, and Arirang TV. Follow or contact him on LinkedIn.

Image: Reuters.