Americans Who Will Receive Third Stimulus Check Payments Next Week Of July 12

The IRS began shipping stimulus checks for the third round on March 12.

Photo: Jeff Fusco / Getty Images

Americans who received an initial payment based on their 2019 tax return and those who recently submitted their returns to the Internal Revenue Service (IRS) would be receiving money for a third stimulus check next week starting July 12.

For the past few weeks, the IRS has focused on delivering “Economic Impact Payments” to these two populations.

The IRS processes more “plus-up” payments

In the first case, these are the so-called “plus-up” or additional payments. The agency announced the first shipments under this line in early April.

Taxpayers who are entitled to the “plus-up” payments are those who were issued one based on the 2019 tax return, but the IRS later received this year’s tax return and had to make a payment adjustment based on the difference in income between the two documents.

“This lot includes the first of the supplementary payments in progress for people who received payments at the beginning of March based on their 2019 tax returns, but are eligible for a new or higher payment based on their recently processed 2020 tax returns. These ‘additional’ payments could include a situation where a person’s income was reduced in 2020 compared to 2019, or a person had a new child or dependent on their 2020 tax return, and other situations, “the agency said in a statement on its website announcing the processing of the first batch of payments” plus -up “.

Since the first week of April, the IRS has been processing these payments to dozens of taxpayers and will continue to do so until all shipments are completed under this concept.

Americans who submitted their information to the IRS late

The other group the IRS focuses on when it comes to shipments of the third stimulus check is people who filed taxes late with the agency or after the deadline.

Most are people who are not required to file taxes since they are low income but they submitted their information to the entity this time so that they could send them the stimulus money.

The entity urged low-income people who normally do not file taxes, regardless of whether or not they receive federal benefits, to apply for the payments approved in the US Congress under the “American Bailout Plan.”

“This includes the homeless, the poor from rural areas and others. Individuals who did not receive a Round 1 or Round Economic Impact Payment or who received less than the total amount may be eligible for the 2020 Refund Recovery Credit, but will need to file a 2020 tax return. See the special section on Claim the Refund Recovery Credit if you are not required to file a tax return, ”the agency said.

The latest available IRS report on the amount of third stimulus check payments processed and sent is for statistics as of June 3.

The agency claimed responsibility for sending more than 163 million payments worth approximately $ 390 billion.

California, Texas, Florida, New York and Pennsylvania they are the states that have received the most third round stimulus checks.

“The IRS continues to distribute the Economic Impact Payments and the related 2020 Refund Recovery Credit weekly as individuals continue to file tax returns and as returns are processed. Ongoing payments will be sent to eligible individuals for whom the IRS did not have information to issue a payment but who recently filed a tax return, as well as to individuals who qualify for additional “plus-up” payments, the IRS confirmed.

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