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About 2.2 million extra stimulus checks have gone out during the last six weeks, the federal government stated Wednesday.
The most recent batch brings the full variety of funds disbursed to greater than 171 million, with an combination worth of $400 billion, in response to the announcement from the IRS, Treasury Division and Bureau of the Fiscal Service. These funds began going out in March when the American Rescue Plan Act was signed into regulation by President Joe Biden.
That laws licensed funds of as much as $1,400 per particular person, plus $1,400 per eligible dependent, for people and households who fall underneath sure earnings thresholds and in addition meet different necessities.
For the most recent tranche, about 1.3 million of the funds — with a price of about $2.6 billion — had been despatched to eligible people for whom the IRS beforehand didn’t have info to subject a stimulus examine however who lately filed a tax return.
This batch additionally contains supplemental funds for people who earlier this 12 months acquired funds based mostly on their 2019 tax returns but had been eligible for a brand new or bigger quantity based mostly on their 2020 tax returns, which might have been processed extra lately.
The IRS stated it’ll proceed to disburse these stimulus checks on a weekly foundation.