US Gov’t Disburses Another 37 Million Stimulus Payments Totaling $83 Billion

There will be around 37 million more stimulus payments going out this week from U.S. Department of the Treasury, the Internal Revenue Service, and the Bureau of the Fiscal Service, a press release says.

With that — the latest economic impact payments from President Joe Biden’s American Rescue Plan — there will now have been around 127 million payments worth $325 billion, the report says.

This batch of payments will come with direct deposits along with paper checks and prepaid cards, as past rounds have had. The payments, like the past ones, were sent to those who had filed tax returns in 2019 or 2020.

Those who don’t file a return but who did utilize the Non-Filers tool on IRS.gov were sent payments in this batch. The second batch, according to the release, will come with 37 million payments, including 17 million direct deposit payments and 15 million paper checks. The total value is around $83 billion.

The latest payments began processing on March 19 and the release says some people already started seeing direct deposit payments to their accounts before the official start date of Wednesday, March 24.

The release says there will be more payment rounds sent in the coming weeks through all the usual methods of payment.

The rollout of the stimulus checks has seen some errors happening, with some people not getting their checks in the right accounts and some not getting them at all. TurboTax and other tax prep companies have few if any answers.

Many times, according to the companies, it ends up being because the money went to “pass-through” accounts from the tax sites.

Some users ended up seeing their checks deposited in old accounts they don’t use anymore, though — and many users said they’d updated their account info before the recent checks went out.

The IRS has vowed to correct the issue, saying those payments made to incorrect accounts would be made right within the coming weeks.