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Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year

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Uber CEO says rideshare 'freed up' his son from having to get a driver’s license—and he's one of many Gen Zers who aren’t willing to drive

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Indeed chief economist says we’re entering an era of ‘great mismatch’ thanks to a generational imbalance of workers
FinanceEconomic Stimulus

Another batch of $1,400 stimulus checks is in the mail

By
Chris Morris
Chris Morris
Former Contributing Writer
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By
Chris Morris
Chris Morris
Former Contributing Writer
Down Arrow Button Icon
April 22, 2021, 3:31 PM ET

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If you haven’t yet gotten your $1,400 stimulus check—or are waiting for additional money after filing your 2020 taxes—it could be in the mail.

The Treasury Department, IRS, and the Bureau of the Fiscal Service announced Thursday they have mailed out the sixth batch of payments to nearly 2 million people. This brings total disbursements to 161 million payments, totaling more than $379 billion, the departments said.

Included in this round are 700,000 checks for people who recently filed their 2020 taxes, earning them a bigger stimulus check. Roughly 900,000 of the payments will be sent via direct deposit. The other 1.1 million will be sent via paper check.

The IRS is encouraging people who don’t normally file a tax return to do so anyway this year, especially if they haven’t received Economic Impact Payments. (Single people who make less than $12,400 and married couples under 65 who earn less than $24,800 are among those who don’t have to file taxes.) That will ensure the government has all of the information to send them their $1,400 checks—as well as their $600 and $1,200 checks, if those were not delivered.

People will be able to track the status of their third stimulus payment on the “Get My Payment” portal on the IRS.gov website.

The $1.9 trillion package signed into law by President Joe Biden last month sent $1,400 stimulus checks to single filers earning up to $75,000, or a $2,800 check to couples filing jointly earning up to $150,000. Taxpayers earning above that level could still get a reduced check, but no payments are being sent to single filers earnings above $80,000, or couples earning jointly above $160,000. Income is based on people’s adjusted gross income (AGI) found in their most recent tax filing.

The IRS plans to continue making Economic Impact Payments on a weekly basis through tax season.

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About the Author
By Chris MorrisFormer Contributing Writer

Chris Morris is a former contributing writer at Fortune, covering everything from general business news to the video game and theme park industries.

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