More stimulus money issued now, but veterans will wait until April 14

More stimulus money issued now, but veterans will wait until April 14

Veterans can start seeing updates on their payments on the Get My Payment tool at IRS.gov beginning April 10.  The IRS said it is expected that veterans and their beneficiaries will receive their Economic Impact Payments on April 14. The majority of those payments, which the IRS will begin processing at the end of the week, will be issued electronically.  More:IRS sends extra stimulus cash to some who lost jobs in 2020

Nearly 85,000 payments worth more than $119 million were issued to those receiving Railroad Retirement Board benefits. In addition, more than 3 million payments — totaling nearly $5 billion — went to Supplemental Security Income beneficiaries.

“Social Security and other federal beneficiaries will generally receive the third stimulus payment the same way that they receive their regular benefit payments — such as on the Direct Express card,” according to the Direct Express website.  More than 19 million payments, worth more than $26 billion, went to Social Security retirement, survivor or disability (SSDI) beneficiaries. The IRS previously announced that such payments would be made April 7. 

The IRS continues to send out more money to some who received a stimulus payment earlier in March but are due even more money now for the third stimulus based on their income and other information supplied on their 2020 federal income tax return.  The fourth batch of payments this week included more than 1 million of what the IRS calls “plus-up” payments. About $2 billion was issued to this group.  So far, more than 156 million stimulus payments have been rolled out less than a month after the American Rescue Plan was signed into law March 11. About $372 billion has been issued so far in the third stimulus program during the COVID-19 pandemic. 

More:Too many making a new stimulus mistake on 2020 tax returns More:More than 90 million payments issued so far in third round of stimulus checks

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