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The IRS said Friday it is sending a total of $2.4 billion in "special payments" to 1 million ... The money will either be automatically direct deposited to the recipient's bank account or will ...
The Internal Revenue Service is automatically sending $1,400 stimulus payments to about one million Americans who never claimed their COVID-19 relief checks from 2021, according to a recent ...
The third round of direct payments includes $1,400 per eligible individual plus a $1,400 bonus per dependent. Around 158.5 million households are expected to receive a payment.
The American Rescue Plan Act of 2021, also called the COVID-19 Stimulus Package or American Rescue Plan, is a US$1.9 trillion economic stimulus bill passed by the 117th United States Congress and signed into law by President Joe Biden on March 11, 2021, to speed up the country's recovery from the economic and health effects of the COVID-19 pandemic and recession. [1]
The original CARES Act proposal included $500 billion in direct payments to Americans, $208 billion in loans to major industry, and $300 billion in Small Business Administration loans. [7] [8] As a result of bipartisan negotiations, the bill grew to $2 trillion in the version unanimously passed by the Senate on March 25, 2020.
It also funded $300 weekly unemployment insurance for 11 weeks, boosted the Supplemental Nutrition Assistance Program (SNAP) and provided $400 million to food banks, extended the eviction moratorium (previously set to expire January 1, 2021) by 30 days, and suspended student loan debt until April 2021.
The $1,400 stimulus checks could show up in some Americans' bank accounts via direct deposit by this weekend after President Joe Biden signed the $1.9 trillion relief bill into law on Thursday.
The Consolidated Appropriations Act, 2021 is a $2.3 trillion [1] spending bill that combines $900 billion in stimulus relief for the COVID-19 pandemic in the United States with a $1.4 trillion omnibus spending bill for the 2021 federal fiscal year (combining 12 separate annual appropriations bills) and prevents a government shutdown.