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The very first stimulus checks were paid into people's bank accounts over the weekend of the 11 and 12 of April, either via direct deposit into individuals bank accounts, paper checks sent through the post or in some cases, through a prepaid debit card, the Economic Impact Payment (EIP) Card which were sent out in late May/early June last year. People may receive compensation for some links to products and services on this website. Here are guides for: Households with dependents, including new 2020 or 2021 babies. Those who didnt receive a stimulus payment either through the CARES Act or the December covid-19 relief bill can still claim it retroactively when filing their federal tax returns for 2020 through the Recovery Rebate Credit. They'll likely either build their personal savings or spend the money, stimulating the broader U.S. economy. Additionally, people whose incomes have fallen may now be eligible for the money if their 2021 adjusted gross incomes are below the thresholds for full payments. About half of . Powered and implemented by FactSet. 2020 and 2021 Economic Impact Payments (Stimulus Checks) Unemployment figures have since recovered and currently stand at 6.0% as of April 2021. Don't think that the child tax credit payments going out in just over two weeks are all the IRS is focused on. So what happens if your bank account changed since you provided that information to the IRS? Stimulus check update: COVID payments sent to 130 million - Yahoo! The bad news is you may have a delay in getting your funds but you will eventually get them, the IRS insists. Congress is still negotiating the bill, with the Senate set to take upMr. Biden's $1.9 trillion coronavirus relief bill as early as Wednesday. When people check the "Get My Payment" site for the new $1,400 checks, they typically see one of several messages. Here's some information onpossible delayswith your stimulus check and other problems you might encounter. The IRS said people who are paid less than they should receive due to changes in their tax situation in 2020 will eventually receive the extra money in fact, many have automatically started to receive the money in "plus-up" payments, the IRS has said. Buster Murdaugh: What we know about the surviving son of the imprisoned South Carolina lawyer, AI predicts what Madeleine McCann would look like today. By Wednesday 7 April the IRS confirmed that 156 million payments had been issued, totalling around $372 billion in federal support. The third stimulus check will be reconciled on the 2021 return. Copyright 2023 CBS Interactive Inc. All rights reserved. Plan against immigrants without documentation in Florida: these are the new measures. Copyright 2023 CBS Interactive Inc. All rights reserved. 2023 CNBC LLC. Passed the Senate Passed the HouseNext stop @realdonaldtrump's deskHelp is on the way.