New batch of $1,400 stimulus checks includes ‘plus-up’ and first-time payments

Personal finance

kate_sept2004 | E+ | Getty Images

A new batch of $1,400 stimulus checks has been issued to Americans, bringing the total number of payments sent to about 165 million, or $388 billion.

This marks the ninth set of payments since the $1,400 stimulus checks were authorized by Congress in March.

The checks are for up to $1,400 per adult, based on certain income thresholds and other requirements, as well as $1,400 per dependent.

More from Personal Finance:
Is a $300 unemployment boost holding back jobs? Yes and no
Getting these Social Security questions wrong could cost you
There’s one week left to contribute to 2020 IRAs

The new batch included more than 960,000 payments representing more than $1.8 billion. About 500,000 of those payments were made via direct deposit, while the rest were via paper check.

The payments included about 460,000 “plus-up” payments worth more than $800 million to people who were due additional money once the IRS processed their 2020 tax returns.

It also included more than 500,000 checks, representing more than $1 billion, to people who the IRS did not previously have on record, and who recently filed tax returns.

Articles You May Like

AMC is poised to ride the box-office rebound, as long as its debt doesn’t get in the way
Fintech unicorns are watching Klarna’s debut for signs of when IPO window will reopen
The 2025-26 FAFSA is open ahead of schedule — here’s why it’s important to file for college aid early
The C.S. Lewis Quote That Could Transform Your Financial Future
Walmart hikes its outlook again as shoppers spend more outside the grocery aisles

Leave a Reply

Your email address will not be published.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