The Biden 'Bonus' Stimulus? Think $1,400 Stimulus Checks with a 'Bonus'.
As new batches of stimulus checks worth up to $1,400 continue to be distributed, the IRS is also sending extra supplemental payments to some Americans.
As new batches of stimulus checks worth up to $1,400 continue to be distributed, the IRS is also sending extra supplemental payments to some Americans.
According to the IRS, these “plus-up” payments are being sent to Americans who now qualify for a larger payment based on their recently filed and processed 2020 tax returns. The initial determination of eligibility for a stimulus check of up to $1,400 as part of the American Rescue Plan Act of 2021 was based on income levels according to 2019 tax returns, at the time the most recent data available to the IRS. The IRS’ plus-up payments are designed for those individuals and households whose eligibility has since changed as a result of a loss of income. This means that some Americans who previously did not qualify for some amount of a third-round stimulus check may now do so.