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Stimulus Check Update: How To Secure and Track Yours as IRS Sends 130 Million Payments

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The Internal Revenue Service (IRS) has announced that more than 130 million stimulus check payments have been distributed following the latest COVID-19 relief bill being signed.

Individuals earning less than $75,000 are eligible for the full payment of $1,400, while these will be phased out between $75,000 and $80,000. Payments cut out for those earning upwards of $80,000.

The IRS announced on Thursday “several million more payments” were being dispatched in a third batch, adding: “This brings the total disbursed so far to more than 130 million payments worth approximately $335 billion.”

As well as an update on the numbers distributed, the IRS also detailed guidance for those awaiting payments.

“No action is needed by most people to obtain this round of Economic Impact Payments,” it stated, outlining that people can check the status of their payment using the Get My Payment tool on the agency’s site.

This is due to be updated this weekend with information for payments for those receiving social security and other federal benefits.

Some people who do not usually file a tax return may need to file one for 2020 in order to receive payments for qualified dependents, the IRS added.

“Some federal benefits recipients may need to file a 2020 tax return, even if they don’t usually file, to provide information the IRS needs to send payments for any qualified dependent,” the statement added.

“Eligible individuals in this group should file a 2020 tax return to be considered for an additional payment for their qualified dependent as quickly as possible.”

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