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When will the IRS send the third $1,400 stimulus check?

When will the IRS send the third $1,400 stimulus check

Biden Administration moves forward with its plans and reminds: “Help is here”.

This weekend some people were able to see their deposits of the third $1,400 stimulus check from the IRS.

However, it will be starting Monday, March 15 when the Treasury Department will make most of the deposits, some of which will be available as of March 17, since they were able to be sent as “pending” or “provisional.”

The following dates show the overall process:

  • March 15-19: Most of the deposits to bank accounts would be made.
  • March 22: IRS would start sending printed checks, as the IRS needs one week to begin its process.
  • March 29 – IRS would start sending debit or EIP cards, which would start printing after the checks.
  • December 31 – All deposits and mailings should have been made, according to the American Recovery Plan (ARP) law.
  • January 2022 – Checks and cards mailed at the end of December could arrive as late as the following month.
  • April 2022 – Those who did not receive their payment, but are eligible, will be able to claim it on their tax return for that year.

Officials are asking for patience about payment processing, while Congressional Democrats are highlighting the benefits of the ARP to their constituents.

Joining in the promotion are President Joe Biden and Vice President Kamala Harris, who will begin a “Help is Here” tour to explain more details of the $1.9 billion package that no Republican wanted to support.

Biden and Harris will be joined by their partners at joint or separate events, such as first lady Jill Biden, who will visit a school in New Jersey’s Burlington County this Monday, but will head to New Hampshire later this week.

Harris and husband Doug Emhoff will travel to Las Vegas on Monday and Denver on Tuesday, with the second gentleman even attending a solo event in Albuquerque, New Mexico, according to a previous White House schedule.

Delivery of the third stimulus check could be delayed if you filed your taxes on paper

The tax agency’s delay is due, in part, to the pandemic, which prompted the IRS to have its workers perform remote work.

The third stimulus check is already being deposited into some bank accounts, just a day after President Joe Biden signed the American Bailout Act into law. But while some households will have the money in a matter of days, others may have to wait longer.

Among this group of people are those who filed their tax returns on paper.

The IRS warned earlier this year that people who file paper tax returns could have their stimulus check delayed. That’s because the IRS is still grappling with catching up by processing tax returns filed in 2019, and 2020 returns filed on paper are likely to face processing delays as well.

The tax agency’s backlog is due, in part, to the pandemic, which prompted the IRS to have its workers perform remote work. When the health crisis hit, it stockpiled paper tax returns until it could begin processing them. In fact, at the end of January, it still had 6.7 million returns waiting to be processed.

For these reasons, it is best for individuals to file electronically in 2020 to ensure faster processing of their taxes, as well as their refunds and stimulus payments.

158.5 million households to receive a third stimulus check payment

About 85% of households will be able to receive the third round of payments deposited directly into their bank account.

President Joe Biden on Thursday afternoon signed the $1.9 billion relief package to support U.S. residents and businesses during the current health care crisis. This means about 158.5 million households will receive a payment from the third stimulus check, House press secretary Jen Psaki said.

About 85% of households will be able to receive the third round of payments deposited directly into their bank account between this weekend and over the course of next week.

This round will give stimulus checks of up to $1,400 for each eligible individual, plus a $1,400 bonus for each dependent in the household.

In addition to direct payments, the new relief package, known as the American Rescue Plan, includes the extension of key unemployment programs, help for small businesses, about $350 billion in support for state and local governments, an increase in tax credits for low- and middle-income families, and $160 billion for a national immunization and testing program.

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