IRS Announces Second Wave of $1,400 Stimulus Checks to Arrive This Week, 20 Million Americans to Receive Aid

By Jess Smith Mar 24 2021, 04:23 AM EDT

Beneficiaries of the stimulus checks were urged to keep an eye on their bank accounts and their mail this week, as the Treasury and the IRS announced the arrival of the second batch of the stimulus checks in days.

Based on the latest update from the IRS, the second distribution will not only put money in the pockets of American people by a check as it will also feature a prepaid debit card, which will be identified moving forward as an EIP card or economic impact payment in huge portions of the payments.

According to Washington Post, IRS Commissioner Charles Rettig advised the Americans to watch their mail for a check or debit card in the coming weeks. Based on an official from the banking industry, the agency is making approximately 17 million direct deposits with a payment date of March 24. It is also the date when they will start to send out around 20 million checks and debit cards.

Moreover, the latest payments which started processing last Friday based on the agency may appear as pending or provisional deposits as additional payments were anticipated on a weekly basis moving forward. Eligible individuals for the American Rescue Plan will receive stimulus checks of $1,400 and double for couples who filed a joint return. Dependents were also eligible to receive $1,400 regardless of their age.

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Delayed Stimulus Checks for Social Security Beneficiaries

However, some recipients mentioned that the timing of the stimulus checks is still not clear for them. Reportedly, some individuals who receive federal assistance like SSI or Supplemental Security Income complained that compared to the previous rounds, where their payments were sent automatically, they were displeased about the non-inclusion on the initial distribution of payments. But the SSA or the Social Security Administration immediately addressed this concern.

The agency tweeted on Monday that the IRS and not Social Security sends all the economic impact payments. The IRS also stated that their assistance line is not available as of the moment because representatives for their hotline and their social media team cannot answer personal questions regarding their payments.

In addition, the IRS shared in a statement that it is working with the Social Security Administration, the Railroad Retirement Board, and Veterans Affairs in obtaining the list of recipients with 2021 updated information. An email was also sent by officials from the Treasury stating that eligible recipients of federal benefits who filed their tax returns in 2020 or 2019 or recipients who used the Non-Filers tool to register last year are automatically added to the list of EIP3 recipients, CNBC reported.

But for eligible recipients who were not able to process according to the agency's suggestion, the IRS is already getting more information in getting their names on the list. Even the legislative counsel of the AARP, David Certner, shared that they were not overly concerned yet as they know that the agency is sending out the checks as quickly as possible. If the sending process takes too long, then that will be when they will reach out to the IRS, Accounting Today reported.

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