Third stimulus checks and plus-up payments with extra cash being sent out WEEKLY – here’s how to track your money
MORE stimulus checks with some containing extra cash will be sent out on a weekly basis as many continue to receive their $1,400 checks.
New checks and plus-up payments will continue to be sent out as the Internal Revenue Service (IRS) processes 2020 tax forms and reassess payments, according to CNET.
The IRS is currently recalculating and sending “plus-up” payments – the missing stimulus amounts from the previous two checks – as a credit on your taxes this year.
One million plus-up payments worth over $2million will be sent out this week, according to CNET.
If you are still waiting for your stimulus check or believe that you have received a payment that is smaller than expected, then expect to receive a supplemental after the IRS processes your 2020 tax return.
You could track your stimulus check by using the Get My Payment tracker which the IRS updates every day.
The online app tells you when you will receive your check and informs you of any issues with your payment that needs to be addressed. However, it doesn’t inform you of the exact amount of money that you are set to receive.
If you are receiving a paper check by mail you can use the tracking tool from USPS to follow up on your payment delivery status.
Social Security Income (SSI) recipients began to receive their third stimulus checks last week. Around four million checks were scheduled to be sent out with a total value exceeding 10billion.
The checks will be sent out to around 30million Social Security beneficiaries who are not required to file taxes.
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People began receiving their stimulus checks after President Joe Biden signed the Covid-19 relief bill into law on March 11.
Many people received their stimulus money as a direct deposit into their bank accounts.
However, if the Internal Revenue Service (IRS) doesn’t have your banking information, you could receive the money as a check.