CLOSE to one million new $1,400 stimulus checks are being sent out as the IRS continues to send out new batches of the third stimulus check to eligible Americans.
Over 165 million Americans have so far received the stimulus check at around a cost of $388 billion.
The latest batch sent out by the IRS marks the ninth set of payments since Congress authorized the $1,400 checks in March.
The move comes as Americans wait to see if a fourth round of stimulus payments could potentially be included in President Joe Biden’s next coronavirus relief package.
Biden is currently working on two stimulus proposals, which currently focus on creating jobs and supporting families respectively, and do not include another stimulus payment at the moment.
However, many are hopeful that additional stimulus checks and student loan forgiveness will also make the cut.
Read our stimulus live blog for the latest on Covid relief money…
LATEST ROUND OF STIMULUS CHECKS SENT OUT
For those who are eligible for the third stimulus check but have yet to receive them – fret not, the IRS just released its latest batch of checks.
Those who were waiting may have had their checks delayed to a number of issues with the IRS, including those who don’t normally file taxes or those who have missing or incorrect information filed with the IRS.
Depending on what your tax returns show this year, you may be eligible for a “plus-up” payment, especially if the IRS underestimated your stimulus amount.
ALMOST 30 MILLION AMERICANS HAVE DELAYED TAX RETURNS
The IRS is warning over 29 million Americans they will have delayed tax returns after the IRS earmarks their tax returns for manual processing.
Independent IRS watchdog the National Taxpayer Advocate said the tax agency is sending out notices telling people they would experience longer than normal waits for their payments.
The IRS has also told people to stop calling the agency as it only delays their processing.
The IRS usually sends refunds within three weeks of a taxpayer’s filing of their return, but due to several issues this year, the agency thinks that time might be elongated.
One of the reasons is due to a backlog of 2019 paper tax returns that the IRS was unable to process after it closed its offices during the coronavirus pandemic.
GAVIN NEWSOM COULD GIVE UNDOCUMENTED IMMIGRANTS $1,100
California Gov. Newsom unveiled his state’s «Comeback Plan» Monday, a package that could include a $1,100 total stimulus bonus for undocumented immigrants.
Undocumented migrants in the state would receive $500 on top of the $600 check sent out earlier this year.
«California’s recovery is well underway, but we can’t be satisfied with simply going back to the way things were,» Newsom said of the plan.
FOURTH STIMULUS CHECK UP TO CONGRESS
White House Press Secretary Jen Psaki said Congress should decide if a fourth stimulus check goes out, and that the payments are «not free.»
«We’ll see what members of Congress propose,» she said at a press briefing last week.
The proposal for a fourth check appears to be picking up steam, with 75 lawmakers expressing their approval in a letter to the president.
IRS TO SEND OUT MORE CHECKS THIS WEEK
More $1,400 stimulus checks will be sent out this week as part of Biden’s last stimulus bill, along with potential bonus payments.
The IRS could issue up to 3 million checks, along with some «plus-up» or supplemental funds.
«These ‘plus-up’ payments could include a situation where a person’s income dropped in 2020 compared to 2019, or a person had a new child or dependent on their 2020 tax return, and other situations,» the IRS stated.
GAS PRICE WORRIES PROVOKE HOPE FOR FOURTH STIMULUS
Worries over the potential of rising gas prices following the shut down of the Colonial pipeline have caused many to request a fourth stimulus check as part of Biden’s next stimulus bill.
«We need another stimulus check after this gas line bs,» wrote one Twitter user.
«And just like that the stimulus is spent on gasoline,» another echoed.
Fuel prices rose above $3 per gallon on Wednesday for the first time in six years following the cyberattack.
DATA SHOWS STIMULUS HELPED LOW-INCOME FAMILIES
Data released today from JP Morgan shows stimulus checks succeeded in giving a much needed boost to low-income Americans.
After the checks were first sent out in April of 2020, cash balances rose by a median of $900, the stats show.
JUDGE RULES AGAINST OHIO GOP ATTACK ON STIMULUS BILL
A federal court ruled that Ohio Republicans cannot block a tax provision included in the Biden stimulus bill Wednesday.
The rejected lawsuit took aim at a provision of the bill that would prevent states from using stimulus aid to offset tax cuts, The Hill reports.
The lawsuit was originally filed in March by Ohio Attorney General Dave Yost against Treasury Secretary Janet Yellen.
IS THERE GOING TO BE A FOURTH STIMULUS CHECK?
Some Americans are still waiting for their third stimulus payment, and it’s not clear whether or not a fourth one is coming.
At a May 4 press briefing, White House Press Secretary Jen Psaki said of possible future payments, «We’ll see what members of Congress propose, but those are not free.»
A Change.org petition pushing for more Covid relief money that was started last year by restaurant owner Stephanie Bonin currently has over 2 million signatures.
Several lawmakers also support recurring relief payments until the end of the Covid-19 pandemic.
GOLDEN STATE STIMULUS PROGRAM EXPANDED IN CALIFORNIA
Governor Gavin Newsome’s $100 billion California Comeback Plan includes extra stimulus payments for families in the state.
Golden State stimulus checks will be expanded under the proposals meaning two-thirds of Californians will be eligible to receive increased payments of $600.
Households making up to $75,000 with at least one child can expect to receive an extra $500.
BIDEN WARNS AMERICANS ON UNEMPLOYMENT MAY LOSE IT IF THEY DON’T TAKE OFFERED WORK
President Joe Biden warned Americans that anyone receiving unemployment who is offered a «reasonable job» has to take it or might face a loss in benefits.
«We’re going to make it clear that anyone collecting unemployment, who is offered a suitable job must take the job or lose their unemployment benefits,» Biden said.
Biden’s remarks come after a disappointing jobs report released on Friday which found the US economy added just 260,000 jobs in April.
MORE STIMULUS PAYMENTS MAY STILL BE GOING OUT
A batch of relief payments is expected to be released this week with more than $1,400 stimulus checks and bonus payments underway.
The IRS is likely to issue one to three million $1,400 coronavirus stimulus checks after the last round was issued last week.
Still no word on whether or not a fourth stimulus is coming in the future.
HOW TO TRACK YOUR STIMULUS PAYMENT
If you’re not sure where to find your missing stimulus check, the IRS has a handy tool to track it down.
The Get My Payment tool can help you find your money if you still haven’t received your third stimulus payment.
The Service says not to call if there’s an issue, because their agents won’t know any more than the website tool does.
MILLIONS ASKING FOR MORE IN STIMULUS MONEY IN POPULAR PETITION
A Change.org petition pushing for more Covid relief money was started last year by restaurant owner Stephanie Bonin and currently has over 2 million signatures.
«I’m calling on Congress to support families with a $2,000 payment for adults and a $1,000 payment for kids immediately, and continuing regular checks for the duration of the crisis,» she wrote.
PRESIDENT JOE BIDEN DOES NOT CURRENTLY SEEM TO SUPPORT A FOURTH STIMULUS PAYMENT
The Biden administration has not confirmed it will send out more checks directly into Americans’ bank accounts, although another stimulus check remains a possibility.
At a May 4 press briefing, White House Press Secretary Jen Psaki said of possible continuing payments, «We’ll see what members of Congress propose, but those are not free.»
CHANCES OF FOURTH STIMULUS CHECK DIM
The likelihood of a fourth stimulus check for Americans is looking less likely as the federal government is nearing an end to how much it can dole out.
Plans to support a fourth stimulus check are looking less likely as the IRS spends another $2 billion to send checks to those who are eligible for the third round of stimulus payments.
But more than 75 lawmakers support a further round of stimulus checks, possibly with recurring monthly payments until the end of the pandemic.
PETITION FOR MORE STIMULUS CHECKS HAS MILLIONS OF SIGNATURES
A Change.org petition urging more Covid relief money has more than 2 million signatures as of Wednesday.
The petition was started last year by restaurant owner Stephanie Bonin and asks for “a $2,000 payment for adults and a $1,000 payment for kids immediately, and continuing regular checks for the duration of the crisis.”
“Congress needs to make sure that we won’t be financially ruined for doing our part to keep the country healthy,” she wrote.
CALIFORNIA RESIDENTS GETTING MORE STIMULUS MONEY UNDER NEW PLAN
Californian families are likely to receive an extra $500 payment under Governor Gavin Newsom’s new stimulus package, which is part of his $100 billion California Comeback Plan.
Golden State stimulus checks will be expanded under the proposals and two-thirds of Californians will be eligible to receive increased payments of $600.
Households earning up to $75,000 with at least one child can expect to receive an extra $500.
YOUR STIMULUS MAY BE SEIZED IF YOU OWE PRIVATE DEBT
If you haven’t received your stimulus check and you owe private debt, it may have already been seized.
The third round of checks is subject to being seized by private debt collectors, so double check with the IRS if you are still missing it and are concerned.
SOME SUPPLEMENTAL STIMULUS PAYMENTS STILL BEING SENT OUT
The Internal Revenue Service is still sending out some supplemental payments to Americans who qualify.
«Plus-up» and supplemental payments are still being sent to people who qualify to receive them as part of the third round of stimulus payments.
The IRS says these payments are «for people who earlier in March received payments based on their 2019 tax returns but are eligible for a new or larger payment based on their recently processed 2020 tax returns.»
STILL HAVEN’T RECEIVED YOUR STIMULUS? USE THIS IRS TOOL
If you are still waiting on your third stimulus check or other relief payments, the Internal Revenue Service has set up a system to figure out what happened to them.
The IRS’ Get My Payment tool can help Americans track down their stimulus payments.
The IRS advises not call if there’s an issue, but to instead use the Get My Payment tracker for any relief payment assistance.
GOV GAVIN NEWSOME EXPANDING CALIFORNIA STIMULUS PROGRAM TO MORE RESIDENTS
Gov Gavin Newsom of California said the state will send stimulus checks to two-thirds of its residents in an expansion of the «Golden State Stimulus» plan.
Newsom announced Monday that qualifying residents would receive a one-time stimulus payment of $600 or $1,200, and that families with children will receive another $500.
«Two out of every 3 Californians will receive a check of at least $600 — and families with kids will receive another $500,» he tweeted Monday.
NUMBER OF AMERICANS GOING HUNGRY DOWN AFTER STIMULUS PAYMENTS
The percentage of Americans struggling with hunger is now at its lowest level since the pandemic started.
Data released by the U.S. Census Bureau this week shows the percentage of adults living in households that sometimes or often did not have enough to eat dropped to a little over 8 percent late last month, down from almost 11 percent in March, Politico reported.
The numbers come after several rounds of stimulus payments may have helped many Americans stay afloat during the Covid-19 crisis.
POPULAR PETITIONS CALL FOR MORE STIMULUS MONEY
There are a few popular petitions calling for either Congress or President Joe Biden to issue more stimulus checks to Americans.
An online Change.org petition pushing for more Covid relief money was started last year by restaurant owner Stephanie Bonin and currently has over 2 million signatures. It could hit 3 million and become one of the most popular on the platform.
More than 54,000 people signed another petition calling for recurring stimulus checks.
Plus, more than 40,000 people have signed a petition calling on Biden to introduce immediate $2,000 recurring monthly payments.
AMERICANS WHO AREN’T IN THE US STILL RECEIVED SOME STIMULUS CHECKS
Stimulus checks were due to be mailed out beginning April 9 and April 23 to Americans not currently in the country.
This would include people who are Social Security (SS) recipients and SS beneficiaries without a US address.
The Internal Revenue Service sent out 600,000 payments to this group in late April.