The sixth batch of stimulus checks in the American Rescue Plan are being disbursed, and the latest payments include "plus-up" checks.
The U.S. Treasury Department provided the following information about the sixth batch of payments:
- In total, this batch includes nearly 2 million payments with a value of nearly $3.4 billion.
- Nearly 700,000 payments, with a value of more than $1.3 billion, went to eligible individuals for whom the IRS previously did not have information to issue an Economic Impact Payment but who recently filed a tax return.
- This round includes additional ongoing supplemental payments for people who received payments earlier this year based on their 2019 tax returns but are eligible for a new or larger payment based on their recently processed 2020 tax returns. This batch included nearly 700,000 of these "plus-up" payments, with a value of nearly $1.2 billion.
- Another 600,000 payments went to Social Security beneficiaries and Supplemental Security Income recipients.
- Overall, this sixth batch of payments contains about 900,000 direct deposit payments (with a total value of $1.5 billion) and nearly 1.1 million paper check payments (with a total value of nearly $1.8 billion).
The IRS will continue to make Economic Impact Payments on a weekly basis. Ongoing payments will be sent to eligible individuals for whom the IRS previously did not have information to issue a payment but who recently filed a tax return, as well to people who qualify for "plus-up" payments.
Most plus-up payments are being sent as paper checks. So keep an eye on your mailbox.
Reminder for those who don't normally file a tax return
Although payments are automatic for most people, the IRS urges people who don’t normally file a tax return and haven’t received Economic Impact Payments to file a 2020 tax return to get all the benefits they’re entitled to under the law.
Filing a 2020 tax return will also assist the IRS in determining whether someone is eligible for an advance payment of the 2021 Child Tax Credit, which will begin to be disbursed this summer.
Some federal benefits recipients may need to file a 2020 tax return – even if they don't usually file – to provide information the IRS needs to send payments for a qualifying dependent. Eligible individuals in this group should file a 2020 tax return as quickly as possible to be considered for an additional payment for their qualifying dependents.
People who don't normally file a tax return and don't receive federal benefits may qualify for these Economic Impact Payments. This includes those experiencing homelessness, the rural poor, and others. Individuals who didn't get a first or second round Economic Impact Payment or got less than the full amounts may be eligible for the 2020 Recovery Rebate Credit, but they'll need to file a 2020 tax return. The IRS has a special section on its website about claiming the credit if you aren't required to file a tax return.
Income levels have changed
The IRS reminds taxpayers that the income levels in this new round of Economic Impact Payments have changed, so some people won't be eligible for the third payment even if they received a first or second or claimed a 2020 Recovery Rebate Credit.
- Payments will begin to be reduced for individuals making $75,000 or above in Adjusted Gross Income ($150,000 for married filing jointly).
- The payments end at $80,000 for individuals ($160,000 for married filing jointly).