THE SECOND batch of $1,400 stimulus checks will arrive in bank accounts today but older Americans and those receiving social security benefits may have to wait longer.
The IRS said it began to process millions more third stimulus checks on Friday with a pay date of March 24 yet did not reveal the exact number of payments issued.
When the American Rescue Plan was passed earlier in March, the government body announced that it planned to send about ten million payments in the first ten days of distribution.
It already paid out 90 million checks via direct deposit last week and mailed another 150,000 physical checks.
The third stimulus check will provide much-needed financial relief for millions of Americans struggling with the economic fallout of the coronavirus pandemic.
The IRS urged those desperately waiting for the funds to keep an eye on their bank accounts and the mail this week.
Some bank accounts may have shown the money as a pending or provisional deposit until payment day on Wednesday.
IRS Commissioner Charles Rettig said that this second round of payments includes more checks and prepaid debit cards, which will be identified as an economic impact payment or EIP card.
“We urge people to carefully watch their mail for a check or debit card in the coming weeks,” he said.
A banking official told the Washington Post that the IRS is making approximately 17 million direct deposits with a payment date of March 24.
It was also expected to mail about 20 million checks and debit cards this week.
SOCIAL SECURITY DELAY
Yet those receiving federal benefits such as social security and disability benefits have voiced concern that they have not yet received their $1,400 check.
No date for when they can expect to receive the $1,400 has been released by the IRS or by the Social Security Administration.
Older Americans have also been calling on lawmakers to speed up the process as they felt that their needs are being ignored, CBS reports.
The IRS said in a statement Monday that it is “working directly with the Social Security Administration, the Railroad Retirement Board, and the Veterans Administration to obtain updated 2021 information for recipients to ensure it is sending automatic payments to as many people as possible.”
"More information about when these payments will be made will be provided on IRS.gov as soon as it becomes available.”
“Federal benefits recipients who filed a tax return in 2020 or 2019 or who used the Non-Filers tool to register last year are automatically receiving EIP3 payments if they’re eligible,” Treasury officials added in an email to the Post.
“For those who don’t normally file a tax return or didn’t use the Non-Filers tool on IRS.gov last year, the IRS is working to receive updated information for those receiving SSA, VA, RRB, or SSI benefits to determine eligibility for EIP3.”
CALLS TO EXPLAIN
David Certner, AARP’s legislative counsel, told the Post that the group is not yet “overly concerned” with the delay in getting checks to retired Americans and social security recipients.
“We know the IRS is trying to get these checks out as quickly as possible,” he said.
“But obviously, if this goes on a little bit longer, then we will certainly want to reach out to them.”
However, the House Ways and Means Committee on Tuesday called on the IRS to explain the delays.
"The American Rescue Plan was intended to provide much-needed economic stimulus and assistance to people across the country – immediately – and we are counting on your agencies to ensure that beneficiaries are not left behind in the seamless delivery of those payments," the committee members wrote in a letter to Rettig, WBNS reports.
"Some of our most vulnerable seniors and persons with disabilities, including veterans who served our country with honor, are unable to pay for basic necessities while they wait for their overdue payments."
Americans experiencing delays in receiving their check are advised not to call the IRS.
People can check the Get My Payment tool on IRS.gov to see if their payment has been scheduled.
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