Your stimulus check could arrive TOMORROW as millions of payments will hit bank accounts

MILLIONS of Americans will receive their long-awaited stimulus checks TOMORROW as payments finally hit bank accounts.

A third batch of the president's $1,400 stimulus payments will be landing in bank accounts on Monday after delays sparked fury across the country.

This includes people who receive Social Security, SSI and SSDI benefits.

But some are reporting their third stimulus check is in the mail or scheduled for later this week via direct deposit.

To find out where your money is, you can use an IRS Get My Payment tool.

The system will ask you for your Social Security Number, date of birth, address and ZIP code.

Most of these payments are expected to arrive in bank accounts on April 7, the IRS said- but some are still having to wait for their payments to come.

Some, including Veterans, may be forced to wait for weeks to receive the third stimulus check thanks to delays in the process which cause annoyance across the US.

Around 30million recipients of Social Security and other benefits are still waiting on stimulus money.

For those individuals receiving payments electronically, they should arrive in accounts by Wednesday April 7 according to information released by the agency.

The agency still does not have a specific date for when Veterans Affairs beneficiaries will get their stimulus payments, but the target is mid-April.

Those on VA benefits still cannot check the Get My Payment tool as of this weekend, the IRS said. 

It comes after the Internal Revenue Service announced that by April 1, more than 130million stimulus checks had been issued as part of Joe Biden's $1.9trillion Covid recovery plan.

Now, the IRS is processing what has been dubbed "plus-up" payments as part of the latest round – with four million of such checks totaling £10billion.

Qualifying Americans will be handed $1,400, as well as supplemental payments (plus-ups) to those who used to receive partial stimulus payments but now can prove they were actually eligible for more.

A statement from the IRS said: "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 situation.

"The payments also include payments for people for whom the IRS previously did not have information to issue a payment but who recently filed a tax return and qualify for an Economic Impact Payment.

"Payments to this group — and the "plus-up" payments noted above — will continue on a weekly basis going forward, as the IRS continues processing tax returns from 2020 and 2019."

Source: Read Full Article