The Internal Revenue Service has confirmed in its latest release that 1.8 million more coronavirus stimulus checks have been issued as part of the tenth batch of payments under the American Rescue Plan.
And among those brand-new checks, a sizeable portion—more than nine hundred thousand of them—was dedicated to fast-tracking the so-called “plus-up” or supplemental payments.
In all, the IRS has disbursed more than seven million of these checks this year.
Keep in mind that these particular funds, according to the agency, are “for people who earlier in March received payments based on their 2019 tax returns but are eligible for a new or larger payment based on their recently processed 2020 tax returns.”
It continued: “These ‘plus-up’ payments could include a situation where a person’s income dropped in 2020 compared to 2019, or a person had a new child or dependent on their 2020 tax return, and other situations.”
Be aware that there have been increasing reports of eligible Americans still waiting for these checks—but know that many of these payments are likely in transit if they were mailed off using USPS or will be part of future batches.
Of the nearly two million checks worth more than $3.5 billion in the new batch, roughly nine hundred thousand of them were issued via direct deposit, while the rest were delivered via paper checks or prepaid debit cards.
Do take note that another large tranche of the recent batches has been heading to recent tax filers who previously did not have the necessary information on file at the IRS. “Although payments are automatic for most people, the IRS continues to urge people who don’t normally file a tax return and haven’t received Economic Impact Payments to file a 2020 tax return to get all the benefits they’re entitled to under the law, including tax credits such as the 2020 Recovery Rebate Credit, the Child Tax Credit, and the Earned Income Tax Credit,” the agency stated.
The IRS added that although the Tax Day deadline has passed, these people can still apply for an extension and file by the October 15 tax filing extension deadline.
The agency also has continued to remind U.S. taxpayers to check their eligibility for the stimulus—as the income levels for this third round have changed somewhat. This means that some individuals won’t be eligible for this payment even if they received a first or second stimulus without any issues.
According to the details of the stimulus bill, individuals who earn as much as $75,000 in adjusted gross income, or couples making $150,000, qualify for the full $1,400 per person. But an individual with an income of $80,000, or a couple with $160,000, will not receive a check this time around.
Ethen Kim Lieser is a Minneapolis-based Science and Tech Editor who has held posts at Google, The Korea Herald, Lincoln Journal Star, AsianWeek, and Arirang TV. Follow or contact him on LinkedIn.