Some good news on this delayed Tax Day, the IRS is sending out another round of “surprise” stimulus checks to one million Americans who have already filed their taxes and suffered losses in 2020.
The IRS is sending out more COVID relief payments totaling more than $1.8 billion to hard-hit households and all of the recipients will have recently filed their taxes, the IRS says.
Those who submitted a 2020 tax return over the last few weeks and showed a loss in income may receive a dose of relief.
More than half a million of the latest payments, totaling more than $1 billion, are going to those who didn’t receive a third stimulus check earlier, because the IRS didn’t know how to reach them with cash, the agency said.
This is because it may not have had up-to-date address or banking information and could not put a direct deposit in or were unable to send a paper check or a debit card.
If taxes are done by the May 17 deadline, today, the agency will have the information it needs to get you your missing money if you qualify.
This applies even if you didn’t earn enough in 2020 to warrant filing a tax return.
There are also more than 460,000 of the new payments plus another $800 million in stimulus which are essentially bonus stimulus checks.