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IRS is likely to announce new stimulus checks this week — will you get one?

by capitalizefinancial
June 23, 2021
in Economy
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IRS is likely to announce new stimulus checks this week — will you get one?

More than three months in, the IRS is still working on sending out the pandemic’s third stimulus checks to eligible Americans.

Based on the tax agency’s recent schedule of providing an update every other week, we’re due for an announcement about new direct payments late on Wednesday.

You may be in line for money if you haven’t received any Round 3 stimulus check yet — or if did get a payment, but not the full amount.

The IRS last issued an update on stimulus checks on June 9, when it said it had distributed 2.3 million more payments, totaling another $4.2 billion.

The announcements have been coming on alternating Wednesdays, meaning another is likely this week. But the tax agency has said it’s continuing to send out new batches every week, even when it doesn’t issue a news release.

In recent weeks, the distribution has focused on Americans who never got any third-round stimulus check, and those who didn’t receive the full $1,400 that most people were paid. The IRS has been issuing the new payments based on information supplied in 2020 tax returns.

 

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