No stimulus control? More Deposits Are Coming As Joe Biden Hits 100 Million Milestone – Community News
Stimulus Check

No stimulus control? More Deposits Are Coming As Joe Biden Hits 100 Million Milestone

Further incentive check deposits will arrive on Wednesday as President Joe Biden said 100 million payments will have been distributed since the signing of the COVID-19 relief legislation.

Biden signed his US bailout plan earlier this month. About 90 million payments were made in the first week.

Congress passed the stimulus through a budget vote, allowing it to pass the House and Senate without Republican backing.

Eligible recipients can each receive up to $1,400 in Economic Impact Payments, also known as incentive checks.

In comments made Tuesday, Biden said, “If they already have an account online with the IRS, which many do, we will have handed out 100 million of those checks by tomorrow since the legislation was passed.

“We are about to do that starting tomorrow. But for someone who doesn’t have a direct deposit, they get a check in the mail for that.’

The president is personally promoting his plan across the country. He has seen an increase in his approval rating as payments have been rolled out.

In a press release on Monday, the Internal Revenue Service (IRS) said a series of payments began processing last Friday and will be issued this week.

“For taxpayers receiving a direct deposit, this batch of payments was processed on Friday and the official payment date will be Wednesday, March 24, with some people seeing them in their accounts earlier, possibly as preliminary or pending deposits,” the press release said.

“Much of this latest batch of payments will also be sent by mail, so taxpayers who haven’t received a direct deposit by March 24 should keep a close eye on mail in the coming weeks for a paper check or prepaid debit card, aka. known as an Economic Impact Payment Card or EIP Card.”

The agency said it could “anticipate on a weekly basis” going forward.

IRS Commissioner Chuck Rettig urged people to keep an eye on their mail for payments that come in in physical form.

“The IRS continues to send out the third round of stimulus payments in record time,” Rettig said. “As this new set of payments will include more mail, we are urging people to keep a close eye on their mail for a check or debit card in the coming weeks.”

Recipients can track the status of their payments using the Get My Payment tool on the IRS website.

Individuals earning $75,000 or less are eligible to receive the full payment of $1,400, and joint applicants earning $150,000 or less will receive $2,800.

Payments will be phased out for individuals earning up to $80,000 and joint submitters earning $160,000. Anyone who earns above these amounts is not eligible for benefits.

news week has contacted the IRS for more details on the payment schedule, and the White House for more comment on their distribution.

joe pray in columbus ohio
President Joe Biden gives remarks after touring the James Cancer Hospital and Solove Research Institute in Columbus, Ohio, on March 23, 2021. He made remarks about the COVID-19 relief package.
Jim Watson/AFP via Getty Images