Add news
Король и Шут - Девушка и граф (English/Japanese cover by Even Blurry Videos feat. ICHIGO TANUKI)
March 2010
April 2010
May 2010June 2010July 2010
August 2010
September 2010October 2010
November 2010
December 2010
January 2011
February 2011March 2011April 2011May 2011June 2011July 2011August 2011September 2011October 2011November 2011December 2011January 2012February 2012March 2012April 2012May 2012June 2012July 2012August 2012September 2012October 2012November 2012December 2012January 2013February 2013March 2013April 2013May 2013June 2013July 2013August 2013September 2013October 2013November 2013December 2013January 2014February 2014March 2014April 2014May 2014June 2014July 2014August 2014September 2014October 2014November 2014December 2014January 2015February 2015March 2015April 2015May 2015June 2015July 2015August 2015September 2015October 2015November 2015December 2015January 2016February 2016March 2016April 2016May 2016June 2016July 2016August 2016September 2016October 2016November 2016December 2016January 2017February 2017March 2017April 2017May 2017June 2017July 2017August 2017September 2017October 2017November 2017December 2017January 2018February 2018March 2018April 2018May 2018June 2018July 2018August 2018September 2018October 2018November 2018December 2018January 2019February 2019March 2019April 2019May 2019June 2019July 2019August 2019September 2019October 2019November 2019December 2019January 2020February 2020March 2020April 2020May 2020June 2020July 2020August 2020September 2020October 2020November 2020December 2020January 2021February 2021March 2021April 2021May 2021June 2021
News Every Day |

Stimulus Payment Big Update: “Plus-Up” Payments Still Coming

Eli Fuhrman

Plus-Up Payment,

Fourth Stimulus Payment

The IRS is continuing to send out what it refers to as “plus-up” payments, or supplemental stimulus payments available to those people who did not receive all of the up to $1,400 that they were entitled to as part of the third round of federal stimulus payments.

The IRS is continuing to send out what it refers to as “plus-up” payments, or supplemental stimulus payments available to those people who did not receive all of the up to $1,400 that they were entitled to as part of the third round of federal stimulus payments.

When the IRS began to determine eligibility for third round stimulus payments, which were brought about as part of the American Rescue Plan passed in March, it did so based on information contained in people’s 2019 tax returns, which at the time represented the most recently available data. As people began to submit their 2020 tax returns, however, the IRS undertook a review of those returns to determine if those filers had experienced a loss of income or a change in dependent status in the last year that would entitle them to a larger stimulus payment than the one they initially received. Those who did have since become the targets of these supplemental plus-up payments.

The eligibility requirements themselves did not change: full payments of $1,400 are available to individuals making up to $75,000 and to heads of households and married couples filing jointly making up to $112,500 and $150,000, respectively. Partial payments are then available to individuals making up to $80,000, heads of households making up to $120,000, and to couples filing jointly who make up to $160,000. Those making more are not eligible for a payment.

The distribution of plus-up payments has been a major focus for the IRS in its most recent batches of stimulus payments, with the batch announced this week included 900,000 plus-up payments with a total value of roughly $1.6 billion. The IRS has so far distributed a total 7 million plus-up payments this year.

Along with plus-up payments, the IRS has also been focusing on sending payments to those people about whom it did not have sufficient information before receiving their 2020 tax returns.

Those people who are eligible for a plus-up payment but have not yet received one – along with those people who have not yet received their stimulus payment at all – will do so once the IRS finishes processing their returns. Prior to the May 17 tax day deadline, the IRS was still working through a significant backlog of unprocessed 2020 tax returns, resulting in delays to both tax refunds and stimulus payments dependent on the processing of returns.

Those people who filed for an extension on their taxes, and who believe they are eligible for a plus-up payment, can still receive their supplemental payment as long as their returns are filed and processed by August 16. For those who ultimately do not end up receiving their plus-up payments, they may be able to claim their outstanding money during next year’s tax season via a recovery rebate credit; in order to do so, it is important that they keep hold of the IRS-issued confirmation notice that they received along with their initial stimulus payment.

Eli Fuhrman is a contributing writer for The National Interest.

Read also

Countryfile viewers ‘switch off’ in anger after show makes sudden change – but did you spot it?

Jim Cramer says he sold nearly all his bitcoin and that the cryptocurrency isn't going back up because of structural reasons including regulation and cyberattacks

When is the next UK green list travel update?

News, articles, comments, with a minute-by-minute update, now on — latest news 24/7. You can add your news instantly now — here
News Every Day

Death in Ivory Tower: Blind undergraduate’s electrocution sparks ‘suicide’ controversy in UNN