1/10/2024 0 Comments Plus up payment![]() If you're wondering who is eligible for these supplemental payments or want to know when they'll arrive, we've got answers below. These payments, known as "plus-up" payments, are adding more desperately-needed cash flow to the mix for some households. What's unusual about this round of checks, though, is that while a large portion will be going to those who get Social Security and Railroad Retirement benefits - two groups whose payments had been delayed up to this point - there is also money going toward supplemental payments for some Americans. This money will help Americans who have faced serious economic hardships due to the pandemic to pay for their rent or mortgages, monthly bills, and other essentials. Roughly $335 billion worth of stimulus payments had been made as of April 1 this new batch will add another $10 billion to the mix. ![]() While not everyone who qualifies has received their payment yet, the federal agency has still made impressive headway on the distribution of these funds. This new batch of checks will add millions more to the count. As of April 1, 2021, more than 130 million stimulus checks had been mailed or deposited into qualifying recipients' bank accounts across the nation, according to the IRS. The IRS is sending out another batch of direct stimulus payments to qualifying Americans this week as part of President Joe Biden's American Rescue Plan, a bill that was signed into law in mid-March. Here's why the IRS is sending out more cash to some stimulus recipients. Will you be getting extra money for this round of stimulus payments? You might be.
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