The IRS reveals that some Americans are getting ‘plus up’ payments with the third round of the stimulus check.
Since President Joe Biden signed the American Rescue Plan last month, there are more than 130 million who received the Economic Impact Payments. These are worth up to $1400, including the $1400 per dependent. To date, $335 Billion has gone out.
According to reports, some Americans are getting ‘plus up’ payments as long as their 2020 tax returns were processed. Those who experienced a decline in their household income, compared to their 2019 tax returns, could receive more money. The same goes if you have a new dependent.
The IRS also shared that they issued checks to those with information not on record and just filed their tax returns to qualify for the stimulus check.
The full $1,400 payments are for individuals and heads of the household earning $75,000 and $112,500, respectively. For married couples earning $150,000, they are eligible for $2,800. Reports state that 85% of US adults are qualified to get the full amount.
Parents will also have $1,400 per dependent. Take note that this was only $600 during the first two rounds and is only for dependents ages 17 and below. However, for the third stimulus check, they have already included adult dependents. So if you are a parent with college-age students or living with the elderly and people with disabilities, you will receive extra money for this round.
Those who receive disability, retirement, and survivor benefits should have their payments last April 7. Most of the payments made were for people who didn’t file a tax return in 2019.
Around 85,000 Americans receiving benefits from the Railroad Retirement Board should have their stimulus checks this week.
Meanwhile, a few US veterans have been patiently waiting for their third stimulus check. The IRS released a statement that veterans will receive their pension benefits and compensation through direct deposit starting next week, and they can expect it by April 14.
The money is arriving through direct deposits, mailboxes, and prepaid EIP debit cards. Hence, it is strongly suggested to monitor your payment status with the IRS and with the USPS.
What to Do with Missing $1,400 stimulus Check?
Just in case you encounter problems with your stimulus check, do not call the IRS. That would be useless as their phone operators will not have access to the information you need. What they only have are the data already found in the IRS.gov.
Here’s what to do.
Fifteen days after the IRS sends your check, you will receive a letter about the payment. If you did not receive any, you must request an IRS Payment Trace. You can do so by calling the IRS through this number: 800-919-9835. Or you may complete the Form 3911, Taxpayer Statement Regarding Refund, and mail it to them.
When you’ve already made a request through a phone call, there’s no need to send the form.
The IRS will issue a replacement. However, if you suddenly found your check, you need to return it as soon as possible.
