US Treasury issued more than 156 Million Coronavirus Relief Payments
On Wednesday the Treasury Department announced that it has issued more than 156 million payments as part of President Joe Biden’s American Rescue Plan relief bill, including 25 million payments that were primarily to Social Security beneficiaries who hadn’t filed 2019 or 2020 tax return.
The Treasury said the most recent batch of payments, which began processing last Friday with a payment date of Wednesday, includes over 25 million payments totaling more than $36 billion.
White House officials had previously estimated that 158.5 million household would receive the payments. Wednesday batch showed how the administration is going beyond IRS filling to get out the money. It included 19 million payment to Social Security recipients who had not submitted tax returns for the past two years and didn’t use a tool last year for non- filers to receive the two previous rounds of direct payments.
The payments are filtering through the U.S economy in a variety of ways, according to a recent poll by The Associated press- NORC Center for Public Affairs Research.
”Eligible individuals in this group should file a 2020 tax return to be considered for an additional payment for their qualified dependent as quickly as possible ,” the released said ”People who don’t normally file a tax return and don’t received federal benefits may qualify for these Economic Impact Payments.”
The next batch of payments, for Veterans affairs beneficiaries who do not typically file tax return, will be disbursed on April 14.