Plus-Up Payments Continue to Roll Out
At least 2.4 million people in the U.S. have received so-called plus-up payments, after their 2020 tax return made them eligible for a larger stimulus check.
A new batch of supplemental payments, worth a total of about $1.2 billion, went out this week to nearly 700,000 people whose 2020 tax returns qualified them for a larger stimulus payment than what they received earlier based on their 2019 returns, the IRS said in a release Thursday. The latest round of plus-ups means the federal government has sent at least $4.4 billion in extra payments to more than 2.4 million people since the IRS started issuing them April 1. (The IRS declined to release figures for the first batch of plus-up payments it issued earlier this month, but has published numbers for the subsequent rounds.)
The IRS will send you a one-time plus-up payment, by direct deposit when possible, if it determines you were owed more in your stimulus check based on things like the income or the number of dependents reported on your 2020 tax return. Four rounds of these supplemental payments have gone out so far, and new payments will continue on a weekly basis as the IRS continues processing tax returns from 2020 and 2019, an IRS spokesperson said in an email.
(And if you received a stimulus check but shouldn’t have based on your income in 2020, the IRS says you don’t have to pay anything back.)
The payments are intended to update the latest batch of stimulus checks, which were authorized last month as part of the American Rescue Plan. The $1,400-per-person payments, including for dependents, are the largest of the three rounds distributed by the federal government since last spring. You can check the status of your stimulus payment using the IRS’s Get My Payment tool.