This Good Friday, April 2, new stimulus checks will begin to be paid to the most vulnerable people in the US economy as part of the third round of payments released by the US Treasury Department.
The IRS confirmed that most of this money will begin to arrive electronically through wire transfers to the account of the beneficiary who met the requirements to receive aid from the federal government.
“IRS employees are working tirelessly to deliver Economic Impact Payments back to the nation’s taxpayers as quickly as possible,” IRS Commissioner Chuck Rettig said at a news conference. “Our teams immediately began processing the data we received last week for federal benefit recipients.”
The president of the United States signed a few weeks ago the Economic Rescue Plan that was approved by Congress and that includes a single payment of 1,400 dollars to each American in a vulnerable situation due to the crisis generated by the pandemic.
One of the fundamental requirements to receive the payment is to have the tax return for the year 2020 in order and it must reflect that less than $ 75,000 was earned in the year, a figure that was set as a limit to deliver the aid.
The IRS noted that most people who receive federal benefits and are eligible for a stimulus check do not have to do anything to receive their cash payments, as they will be delivered automatically.
However, beneficiaries who generally do not file taxes must file a 2020 tax return to provide the IRS with their updated information and receive dependent stimulus checks. Those people who need to file taxes should do so as soon as possible, they advise from the IRS.
To check the status of your stimulus check, the IRS has enabled a computer tool, Get My Payment, which is updated daily.
This online application shows you the status of your payment, including when a check is scheduled to be delivered. The IRS portal can also flag if there is a problem with your payment that you need to address, but it does not tell you how much you will receive.