90 Million Stimulus Payments Sent, More Coming Soon: IRS, Treasury
First batch of payments issued mostly by direct deposit this past weekend, but Treasury also mailed roughly 150,000 checks worth $442 million.
The Treasury Department and Internal Revenue Service said Wednesday that 90 million Economic Impact Payments from the American Rescue Plan — valued at more than $242 billion — have been disbursed.
Economic Impact Payments are “rolling out in tranches to millions of Americans in the coming weeks,” the IRS and Treasury said Wednesday in a statement.
While recipients started receiving the first batch mostly by direct deposit this past weekend, Treasury also mailed roughly 150,000 checks worth approximately $442 million.
The first batch primarily went to eligible taxpayers who provided direct deposit information on their 2019 or 2020 returns, including people who don’t typically file a return but who successfully used the non-filers tool on IRS.gov last year.
This past weekend, “more than 35 million people have received their stimulus payment status through the ‘Get My Payment’ tool on IRS.gov, which is updated on a regular basis as updated information is available,” Treasury and IRS said in a statement.
Additional batches and payments will be sent in the coming weeks by direct deposit and through the mail as a check or debit card.
The vast majority of Economic Impact Payments will be issued by direct deposit.
Individuals can check the “Get My Payment” tool on IRS.gov to see the payment status of these payments. Additional information on these Economic Impact Payments, along with a Fact Sheet of Frequently Asked Questions, is available on IRS.gov.