A NEW line of extra cash stimulus checks is on the way to Americans receiving “Plus-Up” payments.
The sixth batch of the third stimulus checks has been sent – and you may receive extra cash even if you’ve already received a payment.
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You may receive extra cash even if you have already received a third stimulus checkPhoto credit: Getty
Hundreds of thousands of Americans are set to receive $ 1.2 billion under the US rescue plan, what the IRS calls “plus-up” payments.
The “extra” payments are on their way to people who received cash based on 2019 tax returns in the last round of checks – but now have a new or greater amount due based on their 2020 tax returns.
So if you made less than 2019 in the past year due to the Covid pandemic – and recently filed your 2020 tax return – you might get a booster stimulus check.
“This batch includes additional ongoing perks for people who received payments based on their 2019 tax returns earlier this year but are eligible for a new or larger payment based on their recently processed 2020 tax returns,” the IRS said.
“That batch included nearly 700,000 of those ‘plus-up’ payments valued at nearly $ 1.2 billion.”
The “plus-up” payments make up some of the 161 million stimulus checks sent to Americans since March 12th.
Around $ 379 billion was spent in just under six weeks.
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Millions of stimulus checks have been sent to Americans since March 12thCredit: Alamy
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In just under six weeks, around $ 379 billion was spent on AmericansPhoto credit: Getty
You may also be eligible for a “plus-up” payment if you’re a married couple filing an application together, now filed their 2020 tax return, and having a new child or dependent, Yahoo reports.
You could also get some extra cash if you’re with a married couple who filed separately last year – but you’ve since tied the knot and now filed together.
If you are a veteran receiving disability allowance and you didn’t have to file a tax return for 2019 but you have now filed one for 2020, you can get a payment too.
And you could get the extra money if you didn’t have to file a 2019 tax return and use a non-filer tool to claim your first check last year.
Almost two million more $ 1,400 stimulus checks are underway for a total of $ 3.4 billion.
It has been more than 40 days since the payments were made to the public as they are set to bring substantial relief in the pandemic’s economic battles.
In a statement, the Treasury Department said, “The sixth batch of payments began on Friday, April 16, with an official payment date on April 21. Some people used to receive direct payments into their accounts as preliminary or outstanding deposits.”
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An additional 600,000 checks have now been made to people who have received social security benefits.
Three rounds of economic reviews were held over the past year to keep Americans going as the pandemic ravages the economy.
And now a fourth or even fifth round of control is called for as it is believed the payments could help lift 12 million Americans out of poverty.
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