As the IRS still continues to distribute the third stimulus check, the requirement is growing for the government to approve at least a fourth stimulus check. What did Biden say about it when he addressed Congress yesterday?
Yesterday, the day that Biden served his first 100 days in office, he addressed lawmakers in a joint session of Congress and unveiled details of a $ 1.8 billion proposal called the 'American Family Plan',. Many Americans who are still struggling due to the economic and health crisis, hoped a fourth stimulus check would be part of the announcements.
Fourth stimulus check
Democratic lawmakers in both houses of Congress are calling for a fourth round of direct payments to help citizens overcome financial difficulties during the coronavirus pandemic and Biden was expected yesterday to hint at a possible fourth stimulus check. The president, however, did not publicly say whether he supports a fourth stimulus check and there was no indication in his speech whether he would propose another type of direct payment.
Third stimulus check
Meanwhile, the IRS sent 2 million stimulus checks this week in what would be the seventh batch of checks provided by the American Rescue Plan and, with this, the IRS has disbursed more than $ 385 billion.
About 1.1 million stimulus checks were paid with direct deposit, which is equivalent to $ 2.5 billion dollars and 850,000 payments were made with paper checks, which are equivalent to $ 1.8 billion dollars.
The seventh batch of stimulus checks also includes supplemental payments, also known as plus-ups that are being given to people who received payments based on their 2019 tax returns and whose tax situation changed during the 2020 crisis, making them creditors of more money.
This week 730,000 plus-up checks were issued, equivalent to $ 1.3 billion.
If you have a complete, error-free paper tax return, your refund should be issued in approximately six to eight weeks from the date the IRS receives your return.
If you file your return electronically, your refund should be issued in less than three weeks, even faster if you choose direct deposit, as reported on the IRS website.