Haven t Received Your Stimulus Check? Check Your Bank Account Soon.
The Internal Revenue Service has reportedly sent out 159 million stimulus checks, worth $376 billion after Congress passed President Joe Biden’s $1.9 trillion coronavirus relief package. But did you get your money?
The Internal Revenue Service has reportedly sent out 159 million stimulus checks, worth $376 billion after Congress passed President Joe Biden’s $1.9 trillion coronavirus relief package.
Eligible Americans received up to $1,400 per adult in the latest round of relief, plus $1,400 per child or adult dependent. The direct payments were based on adjusted gross income, similar to the previous stimulus checks, with individuals earning up to $75,000, $112,500 as head of household, or $150,000 if married, and filing jointly receiving the full amount.
Other requirements also apply. You must be a U.S. citizen or resident alien.
While most of the $1,400 payments have been sent, additional checks continue to go out each week. Here s a look at who still stands to receive the money. Plus-up payments
Even if you already received your third stimulus check, you may qualify for a plus-up payment.
The $1,400 stimulus checks initially sent were based, in general, on 2019 tax returns. But once your 2020 tax return is processed, you may qualify for more money, particularly if your income dropped last year or if you added a dependent to your family.
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The IRS is still in the process of sending out that third round of stimulus payments, but some Americans may be eligible for a fourth check. The supplemental payments, also known as “Plus Up” money, are part of President Joe Biden’s American Rescue Plan.
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