Another batch of more than 25 million stimulus payments — totaling more than $36 billion — is hitting bank accounts, Direct Express cards and mailboxes now.
The largest block of the latest payments went to Social Security beneficiaries who didn’t file a 2020 or 2019 tax return and who did not provide personal information online to the Internal Revenue Service Non-Filers tool last year, according to a statement Wednesday by the IRS, the U.S. Department of the Treasury and the Bureau of the Fiscal Service.
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.
In addition, more than 3 million payments — totaling nearly $5 billion — went to Supplemental Security Income beneficiaries.
Nearly 85,000 payments worth more than $119 million were issued to those receiving Railroad Retirement Board benefits.
“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 web site.
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 began processing at the end of the week, will be issued electronically.
Veterans can see updates on their payments on the Get My Payment tool at IRS.gov as of April 10.
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.
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.
In addition, more than 1 million payments, with a total value of nearly $3 billion, went to people who recently filed a tax return and qualified for an Economic Impact Payment but did not receive one earlier. The IRS previously did not have information to issue these payments.
Most of the money issued this week was via direct deposit payments, and more than 1 million paper checks were mailed.