There have been three stimulus check rounds sent by the United States since the beginning of the coronavirus pandemic. It was sent in hopes to tide over the economic crisis that came along with the health crisis. Uncle Sam has paid eligible Americans a maximum amount of $3,200. Some continue to receive additional Economic Impact checks in different forms.
Stimulus Check For Particular Accounts
A bit more than a month is available to Congressional Democrats to finalize their reconciliation budget bill worth $3.5 Tn. However, even with the recent Delta surge, any more direct stimulus check is not likely. However, some citizens will be paid another stimulus payment come September.
The Internal Revenue Service has to finish distributing all the money allotted for the third stimulus checks by the end of the year. Similar to the previous two, the payment amount was calculated taking into consideration tax filings. However, like the previous two, many tax filings were outdated. Those whose incomes plunged because of the pandemic could have qualified for a “plus-up” supplemental stimulus check. Those who received extra money were allowed to keep it.
Among the states, however, California remains the most notable. The Tax Board of the California Franchise had started sending out the first GS Stimulus Checks of the second round from 27th August. About 600,000 residents received it on the day. However, an estimated 9 million stimulus checks are still to be sent out. It has said that everything will be complete by 15th October.
Some other states have doled out bonus relief checks to narrow targeted parts of their populations. For example, some states focused the payments towards ITIN and low-income taxpayers. Other localities and states send bonus “thank you” checks worth $1000 to frontline workers.