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Americans Have Turned Down 1.2 Million Stimulus Payments, Worth More than $2 Billion On 5/7/21 at 6:22 AM EDT Out of the roughly 160 million stimulus payments sent out under the CARES Act last year, 1.2 million were returned or went uncashed. Chip Somodevilla/Getty Images A year after most eligible Americans received and probably spent the first federal stimulus checks of the COVID-19 era, the Internal Revenue Service continues to sit on roughly $2.1 billion in payments that were never accepted by their intended recipients. In all, according to the IRS, of the roughly 160 million payments that were sent out in the first round of stimulus following the passage of the $2.2 trillion Coronavirus Aid, Relief, and Economic Security (CARES) Act in March of 2020, about 1.25 million have never been cashed or were returned or paid back to the U.S. Treasury.

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