Third stimulus check – How to keep track of your relief cash as 161million payments roll out

OVER 160million stimulus checks have been rolled out nationwide as Joe Biden provides much needed relief to Americans.

Your payment status can be viewed on the Get My Payment tool on the Internal Review Service (IRS) website.

The latest batch of payments started processing on April 16 with a payment due date on April 21.

Approximately 900,000 paychecks have been issued via direct deposit with 1.1million payments sent as paper checks, the IRS confirmed.

Payments will continue to be made on a weekly basis and they will be sent to eligible individuals who have recently filed a tax return as well as those who qualify for "plus-up payments".

Americans can check the status of their stimulus check using the Get my Payment tool on the IRS website.

Some may see a message stating that the payment is on its way, while others may be notified that their check hasn’t been processed, according to Newsweek.

In some instances, the IRS might be unable to view the payment status.

If this happens, the check may not have been processed yet or you are ineligible for payment.

Don't panic if you've not received your payment yet as checks are being sent out in phases.

The IRS urges Americans who do not normally file taxes to submit a 2020 tax return "to get all the benefits they are entitled to under the law".

Two million more stimulus packages – including ‘plus up payments’ – were already dispersed this week for those who filed their 2020 tax returns and more could now be on their way.

Since launching his American Rescue Plan in March, Biden has handed out over $379 billion worth of direct payments to help people cope with the effect of the pandemic.

They have so far come in three rounds, with the latest including people who were eligible for money and waiting on "plus-up payments".

Now, the president is toying with a new projected $7trillion long term infrastructure plan – known as the Build Back Better Plan.

The main aim would be to invest more money into the nation’s energy grid, transportation and broadband.

'BUILD BACK BETTER'

A fourth wave of stimulus checks could be included in the proposals and, if introduced, would see more money given to those in need once the initial $1,400 payment is complete.

It is possible because the existing American Rescue Plan doesn’t authorise just one direct payment, but three.

That means it’s possible that a future bill could extend or even introduce more money through direct checks to parents who earn below a certain income or people who are unemployed.

It's inclusion is far from guaranteed and comes as the president faces increased pressure to issue more checks as the impacts of the Covid-19 pandemic are experienced nationwide.

Last month, 21 lawmakers, led by Sen. Rod Wyden, called on the president to put new relief payments in his Build Back Better infrastructure package.

The senators said: "Families shouldn’t have to worry about whether they’ll have enough money to pay for essentials in the months ahead as the country continues to fight a global pandemic.”

They claimed almost six in ten people thought the payments would last them less than three months.

And just one more direct payment would lift 6.6million Americans out of poverty, according to a study by the Urban-Brookings Tax Policy Center.

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