The Internal Revenue Service sent out COVID-19 relief checks to almost 2 million more Americans in the fifth round of payments made under President Joe Biden’s American Rescue Plan, the agency said Wednesday.
It additionally included “plus-up” payments for the individuals who are eligible for more money now that their 2020 tax returns have been processed.
That brings the total disbursed payment from the third round of stimulus checks during the Covid pandemic to around 159 million, worth more than $376 billion since these checks started rolling out to Americans in batches beginning in mid-March.
The payments, which total up to $1,400 per person, were circulated mostly by direct deposits and paper checks. Overall, the fifth batch of payments contained almost 1.2 million direct deposit payments, adding up to just under $2 billion. It also included almost 800,000 paper checks, worth more than $1.4 billion.
The fifth batch of payments started processing on Friday, April 9, with an official payment date of April 14, with some people getting direct payments in their accounts prior as provisional or pending deposits, as per the IRS.
IRS distributes more ‘plus-up’ payments
The fifth bunch of payments included more than 700,000 “plus up” payments for individuals who were eligible for more money once their 2020 tax returns were processed. These are taxpayers or households who either didn’t fit for a third stimulus check based on their 2019 income or got less than they were due.
When will ‘plus-up’ payments arrive?
If you received stimulus payment via direct deposit, that is likely how you will get the “plus-up” money. If the IRS doesn’t have your data, you might get a paper check instead, tax experts say.