This new series of $ 1,400 stimulus checks includes payments to veterans
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The U.S. government has issued a new set of $ 1,400 stimulus checks, and this time the beneficiaries of Veterans Affairs have been included.
The final round marks the fifth series of direct payments sent since the American Rescue Plan Act first approved the checks for $ 1,400 in March.
The latest payments bring the number to around 159 million recipients, making a total of more than $ 376 billion.
The new round includes approximately 2 million stimulus checks for a total of more than 3.4 billion US dollars.
This time, the checks include veteran affairs beneficiaries who receive compensation and retirement benefits who typically don’t file tax returns and who haven’t used the IRS non-filing tool in the past year.
More than 320,000 payments have been made to these beneficiaries for a total of approximately $ 450 million.
The recipients also included social security holders who have also not filed tax returns in the past two years and have not used the non-filer tool. About 72,000 checks were made to these people.
In addition, people who recently filed tax returns to get their information were among the recipients of the new checks. Almost 850,000 payments worth around $ 1.6 billion went to them.
The new round also included “plus-up” payments for those with more money due for 2020 after processing their tax returns. These payments totaled more than $ 1.2 billion.
In total, the fifth series of payments comprised around 1.2 million direct deposits and almost 800,000 checks.
The payments had an official payment date on Wednesday April 14th. However, for some people, the money could have arrived earlier as the checks were processed on Friday April 9th.
Most people don’t have to do anything to get a stimulus check. However, the IRS does require some people to file a tax return in order to get the money they are entitled to.
This includes federal recipients who are required to provide information about loved ones who may qualify for the money, as well as people who typically don’t file tax returns or receive federal benefits.
If your income is $ 72,000 or less, you can file your tax return for free using the IRS Free File program.
When filing a 2020 tax return, you can also apply for a refund credit if you missed the previous $ 1,200 or $ 600 stimulus checks.