Who would get money for the third stimulus check of $ 1,400 next week of May 3 ?, according to IRS calendar | The opinion

The IRS has not yet completed the third round stimulus check distribution process.

Photo: Bermix Studio / Unsplash

The Internal Revenue Service (IRS) continues to process payments corresponding to the third round of stimulus checks of $ 1,400 to people who recently filed a tax return and who normally do not do so because they are not required, as well as additional or “plus-up” payments to the taxpayers that came to them less money than their fair share due to a preliminary agency estimate.

During the next week that begins on May 3, it is expected that thousands of recipients in the United States of these two groups will receive additional payments or “plus-up”, as well as the entire payment depending on each case.

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IRS staff target these populations after completing seven bulk payment batches since beginning the process of distributing the $ 1,400 stimulus checks. from the third round under the Biden Administration’s “American Rescue Plan” March 12.

What are “plus-up” or supplementary payments?

Supplemental payments apply to taxpayers who were issued an initial one based on the 2019 tax return, but the IRS received later this year and had to make a payment adjustment based on the difference in income between the two returns. The “plus-up” payments began to be sent on April 2, according to the tax collector’s office on its website IRS.gov.

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“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,” he explained. the agency the press entrance.

The IRS reported that it will continue to process previous payments on a weekly basis as well as those of “new filers” or people who filed taxes this year to the IRS so that the agency could process the disbursement of the third stimulus check.

This group includes low-income Americans who are not required to file a tax return. For example, lThe homeless or homeless are at risk of not collecting money that corresponds to them if they do not have guides or advisers to help you present your information to the IRS to claim the payments owed for the stimulus checks approved in the federal Congress.

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Deadline to file taxes: May 17

The deadline for filing taxes this season is May 17. Until that date, the IRS will continue to receive the forms to continue calculating payments for stimulus checks.

The agency has not specified a date by which it expects to complete the distribution process. Under the law passed in mid-March, The IRS and the Treasury Department have until December 31 to complete all shipments.

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