More than 1 million new $1,400 stimulus checks have been sent. Here’s who got a payment

Advisors

Delmaine Donson | E+ | Getty Images

A new set of $1,400 stimulus checks has been sent, bringing the total number of payments issued to 164 million, or about $386 billion.

About 1.1 million payments were sent this time, representing more than $2 billion. About 600,000 of those payments were made using direct deposit, while the rest were sent via paper check.

The new payments mark the eighth batch sent since Congress approved the checks in March. Payments are for up to $1,400 per individual, as well as $1,400 per eligible dependent, so long as recipients fall under certain income thresholds and meet other requirements.

More from Personal Finance:
Still missing a stimulus check? What to know about claiming it
Tax refunds on $10,200 of unemployment benefits start in May
Biden plan to beef up IRS audits may target wealthy small business owners

Much of the money sent in this round were prompted once the IRS processed tax returns.

More than 585,000 payments worth more than $1.2 billion were sent to people the IRS did not previously have on record who had recently filed returns.

This latest batch also included more than 570,000 “plus-up” payments worth almost $1 billion to people who the IRS found were eligible for new or additional sums after processing their tax returns.

Products You May Like

Articles You May Like

Stock futures are flat as S&P 500 remains range-bound near record
Relativity Space raises $650 million from Fidelity and others to build 3D-printed SpaceX competitor
Dementia expert says evidence behind Biogen Alzheimer’s drug ‘wasn’t sufficient’ for FDA approval
As Clover Health joins the ‘meme stock’ trend, here’s what investors need to watch out for
Lines between men’s and women’s fashion are blurring as more retailers embrace gender-fluid style

Leave a Reply

Your email address will not be published. Required fields are marked *