The IRS just disbursed 2.2 million more $1400 stimulus payments, but it mostly went to recent tax filers

The third round of stimulus payments, meant

during the coronavirus pandemic, is worth over $4 billion, according to the Internal Revenue Service. IRS news release on WednesdayThe majority of the 2.2 million payments went to eligible individuals who did not previously file information with the IRS for an Economic Impact Payment, but have since filed a tax return.

In March, as part of President Joe Biden's American Rescue Plan, some Americans began receiving the $1400 stimulus checks, on top of federal and state unemployment if they were eligible. Individuals earning below $75,000 annually were eligible to receive the full amount. Individuals who received stimulus payment in March due to their 2019 tax return, but have since met the requirements for new payments with their 2020 tax returns, can also receive stimulus funds.

The disbursement is part of the third wave of one-time checks that the federal government has authorized since the onset of the pandemic. Congress approved $1,200 stimulus checks early last year, and the IRS sent most of those within the span of a month.

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