These states received the most stimulus payments so far

Personal finance

Getty Images

More than 88 million individuals received a stimulus check from the IRS in the last three weeks, according to data from the federal agency.

The Treasury Department and the IRS have distributed a total of $157.9 billion in so-called Economic Impact Payments. The federal government began depositing the cash into taxpayers’ bank accounts on April 11.

In all, the taxman anticipates delivering more than 150 million of these stimulus payments.

 ”The IRS, Treasury and partner agencies are working nonstop to get these payments out in record time to Americans who need them,” said IRS Commissioner Chuck Rettig. “Tens of millions of people across the country are receiving these payments, and millions more are on the way.

See below for a breakdown of the average payment sent to each household by state.

The federal agencies also released a state-by-state breakdown of stimulus payments made as of April 17.

California is at the top of the heap in terms of total cash paid to residents so far. More than 9 million households in the Golden State received a stimulus payment, adding up to $15.9 billion in payments.

Texas followed in second: Checks have been sent to 7.8 million households, a total of $14.4 billion.        

Florida rounded out the top three states whose residents received funding so far, with 6.3 million households getting payments, adding up to $11 billion. 

How much do you get?

Articles You May Like

Women prefer to play mobile games. China’s Tencent sees an opportunity
TJ Maxx parent says holiday shopping is off to a ‘strong start,’ but its guidance tells another story
The founder of the biggest gold ETF is still bullish 20 years later
Fintech unicorns are watching Klarna’s debut for signs of when IPO window will reopen
Number of older adults who lost $100,000 or more to fraud has tripled since 2020, FTC says

Leave a Reply

Your email address will not be published.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