Is the IRS done calculating stimulus checks? Not even close. In fact, the IRS and Treasury sent out a fifth payment batch this week and intends to keep the money coming. The situation at hand pulls together a lot of payment threads, including, $,1400 checks to , people receiving benefits, and people whose checks are still arriving . (See the chart below for a full update on the IRS stimulus payment schedule.)
We’ll tell you all you need to know about:
- How and should expect their stimulus checks
- Details on how to with the IRS and
- Why you want to keep this
- Why your
- How to
- When its time to file for a .
Read on for more details. You might also want to know about qualifying for a(see our , including eligibility for ), and getting money off your health insurance. In addition, . And here’s the latest on , and a . This story has been updated.
Stimulus check plus-up payment update
The IRS and Treasury sent over $1.2 billion inthis week, the agencies said Wednesday, which adds supplementary stimulus check money to the amount you already got. For example, if the IRS used your 2019 taxes to calculate your third stimulus check and then finds it underpaid you after processing your 2020 taxes — maybe you had a lower this time or count a — you’re due an automatic pay bump to correct the error.
If you got your stimulus payment through, that’s how you’ll get your plus-up money, too. If the IRS doesn’t have your details on file, you may receive a paper check instead.
Plus-up payments will continue on a weekly basis as the IRS Read more>>and reevaluates checks. The batch going out this week includes 700,000 plus-up payments totaling more than $1.2 billion…