Tax agency says many payments will be sent in the mail. Some Social Security recipients say they’re still waiting.
The tax agency didn’t say how many payments it plans to issue on Wednesday. Last week, the IRS deposited about 90 million checks via direct deposit and mailed another 150,000 checks to people for whom it didn’t have banking information. Earlier this month, IRS and Treasury officials said they planned to send about 100 million payments within the first 10 days of distribution for the third round of stimulus payments, which were authorized under the $1.9 trillion American Rescue Plan.
The latest round of checks will provide relief to millions of people who continue to struggle with income losses a year after the coronavirus pandemic shuttered the U.S. economy. Some people, including those on Social Security or disability, have expressed concern to CBS MoneyWatch that they haven’t yet received their stimulus payments, which amount to $1,400 for each eligible adult and dependent.
Source: IRS says more stimulus checks will land on March 24 – CBS News
