The IRS released 1 million stimulus checks this week – 86% of total payments have already been issued

So far the amount of payments is approximately $ 388 $ 1 billion in stimulus check, out of a total budget of $ 450 billion, this represents the 86% of the stimulus payments

The Internal Revenue Service (IRS) reported that this week almost 1 million stimulus checks were issued nationwide. Which means that the total of payments issued in the third round amount to 165 millions, it was also detailed that overdue stimulus check payments were released.

Based on this, so far the amount of payments is approximately equal to $ 388 $ 1 billion in stimulus check, out of a total budget of $ 388 billion, this represents the 86% of stimulus payments.

In a statement, the federal tax agency stated that more than 500, 000 payments to people who previously had no information on file, but because they recently filed their tax return, data was updated and payments could be issued .

In this round of distribution, more than 460, 000 “additional” payments for people who had their third stimulus check calculated based on their income tax return. in the statement 2020.

In addition to this, the IRS reported that approximately 500, 000 of the payments were deposited directly into the taxpayers’ bank accounts, while the rest of the payments were mailed via paper checks or prepaid debit cards .

In addition, the federal agency will continue to distribute the payments until they are finished. By law the IRS has until December to terminate this commitment. At the same time will continue to release plus-up payments to qualifying taxpayers.

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