More than 2.3 million new stimulus checks have been sent. Here’s who will get the money

Personal finance

Image Source | DigitalVision | Getty Images

More than 2.3 million new stimulus checks have been sent, representing over $4.2 billion in payments to Americans, the government announced on Wednesday.

In total, more than 169 million payments worth about $395 billion have been issued since Congress passed the American Rescue Plan Act in March.

That legislation authorized payments of up to $1,400 per person, plus $1,400 per eligible dependent, for individuals and families who fall under certain income thresholds and also meet other requirements.

More from Personal Finance:
IRS sends refunds to 2.8 million who paid tax on unemployment
New stimulus check round brings total sent to $391 billion
No stimulus check yet? There is still hope

In this round, 1.1 million of the new checks — with a value of more than $2.5 billion — were “plus-up” payments. That includes new or larger payments due to individuals and families after their 2020 tax returns have been processed. To date, more than 8 million of these payments have been sent.

Additionally, more than 900,000 checks — worth about $1.9 billion — went to individuals who recently filed their tax returns with the IRS, but did not previously have their information on record.

Articles You May Like

Moving Your 401(k)? New IRS Forms Could Make Rollovers Easier
Trump, Carney reportedly in talks ahead of new 50% tariffs on Canadian goods
Disney CEO Josh D’Amaro tells CNBC parks were ‘big surprise’ in last quarter, company has ‘clarity’ and ‘stability’
Millions of people with disabilities may be missing out on this little-known savings tool
Refiner stocks are on a nearly unprecedented run. History says it could end soon

Leave a Reply

Your email address will not be published.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