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About 2.2 million additional stimulus checks have been issued in the past six weeks, the government said on Wednesday.
The latest batch brings the total number of disbursed payments to more than 171 million, with a total value of $ 400 billion, according to the announcement from the IRS, the Treasury Department and the Bureau of the Fiscal Service. These payments began to flow in March when the American Rescue Plan Act was enacted by President Joe Biden.
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This law authorized payments of up to $ 1,400 per person, plus $ 1,400 per eligible dependent, for individuals and families who fall below certain income thresholds and also meet other requirements.
For the latest installment, about 1.3 million payments – worth about $ 2.6 billion – were sent to eligible individuals for whom the IRS previously had no information to issue a stimulus check but have recently filed an income tax return.
This bundle also includes additional payments for people who earlier this year received payments based on their 2019 tax returns, but were eligible for a new or higher amount based on their 2020 tax returns, which would have been processed more recently.
The IRS said it would continue to pay out those stimulus checks on a weekly basis.
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