The IRS sends almost 1 million more COVID payments

The IRS sends almost 1 million more COVID payments

How many ‘plus-up’ payments were sent? This batch contained nearly 500,000 direct deposit payments, with the remainder paper check payments, the IRS said. The latest batch included more than 460,000 plus-up payments for those who are eligible for more money, now that their 2020 tax returns have been processed. These are taxpayers or households that either didn’t qualify for a third stimulus check based on their 2019 income or got less than they were due.

Death and taxes:Americans grapple with filing the final tax return for deceased relatives in a pandemic year Tax Day is Monday:Tax Day is Monday: How do I file a tax extension for 2021?

It also included more than 500,000 payments to eligible individuals for whom the IRS previously didn’t have information to issue an Economic Impact Payment but who recently filed a tax return. The latest batch of payments began processing on May 7, with an official payment date of May 12, with some people receiving direct payments in their accounts earlier as provisional or pending deposits, according to the IRS. 

You can get updates on the status of your next stimulus payment using the IRS “Get My Payment” tool. To use it, enter your full Social Security number or tax ID number, date of birth, street address and ZIP code. How do I check the status of my payment?

If your income fell last year and you made significantly less money than what was reported on your 2019 income tax return, you may be eligible for another check. Those who had a child or added a dependent could also qualify for more money if this wasn’t listed on their 2019 return but is now listed on their 2020 return. Plus-up payments will continue on a weekly basis going forward, the IRS said, as the agency continues processing tax returns from 2020 and 2019.

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