THE IRS sent out a staggering 900,000 bonus stimulus payments this week as it issued 1.8million COVID-19 relief checks.
It has send out checks totaling $3.5billion in the last two weeks.
Read our stimulus checks live blog for the latest updates on Covid-19 relief…The IRS sent out 1.8million COVID-19 relief checks totaling $3.5billion in the last two weeks[/caption]
The agency has sent out 167million payments since March, totaling $391billion.
This week’s distribution also included over 900,000 payments to individuals who recently filed a tax return, giving the IRS the necessary information it needed to send them relief checks.
“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 to people who qualify for ‘plus-up’ payments,” the IRS said on its website.
The “plus-up” payments are for those who were receiving relief based on their 2019 tax returns but became eligible for more relief after they submitted their 2020 returns.
“The IRS will continue to make Economic Impact Payments on a weekly basis,” the agency said.This week’s distribution included over 900,00 payments to individuals who recently filed a tax return[/caption]
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The Boston Herald found out this week that 1.24million stimulus checks remain unspent because people did not accept them or have paid them back.
Meanwhile, more than 75 lawmakers support another round of stimulus checks, and some have demanded recurring payments until the pandemic ends.
Others oppose additional funding. At least 24 states have opted out of federal COVID-19 relief, meaning those states will no longer send $300 per week to workers.