Stimulus check latest updates – Joe Biden tells Americans how to track $1,400 checks with IRS tool in White House letter

A FOURTH round of stimulus payments could be included in President Joe Biden's next coronavirus relief package.

Biden is currently working on two stimulus proposals, which currently focus on creating jobs and supporting families respectively.

However, many are hopeful that additional stimulus checks and student loan forgiveness will also make the cut.

Biden has told Americans how to track their $1,400 stimulus check using the IRS tool in a letter that you must keep.

The letter was sent out to Americans that have received a third stimulus check, last month.

The document, on The White House letterhead and signed by “President Joseph R. Biden Jr.” was addressed to “my fellow American.”

It went on to detail the elements of the American Rescue Plan that was signed into legislation on March 11.

Read our stimulus live blog for the latest on Covid relief money…

  • Fatma Khaled

    MORE RELIEF PAYMENTS WOULD BE AN EXPENSIVE MEASURE, SAYS PSAKI

    During a press conference on Tuesday, Jen Psaki told reporters that more relief payments would be an expensive measure for the federal government.

    "We'll see what members of Congress propose, but those are not free," she said, touting the overhauled child tax credit in Biden's stimulus plan.

    This increased the amount to $3,600 for each child aged five and under, while parents of six to 17 year-olds would get $,3000 per child.

    Biden's $1.8 trillion economic plan stipulates that child allowance will continue through 2025.

    Psaki continued: "If passed, the families of tens of millions of children will continue to get regular payments.

    "Obviously, we're continuing to evaluate what their needs are — to continue to get the pandemic under control, put people back to work, but we think that's a proposal with a long-term benefit."

  • Henry Holloway

    IRS CONFIRMS BIDEN LETTER NOT A SCAM

    The IRS was forced to confirm a letter sent to Americans signed by Joe Biden about their stimulus payments is not a scam.

    ABC7 reported a number of people got in touch with them as they believed the document with a White House letterhead may have been an elaborate con.

    The IRS however confirmed the letter that people are receiving in the mail is "Notice 1444-C."

    It said: "The IRS issued a statement saying, "After each of the three Economic Impact Payments is issued, the IRS is required to mail a notice to each recipient's last known address.

    "The notice provides information about the amount of the payment, how it was made and how to report any payment that wasn't received.

    "Some people may receive multiple notices about each payment.

    "Most people will simply file the notice with their tax records and won't need to contact the IRS or take any further action."

  • Fatma Khaled

    TRACK YOUR STIMULUS CHECK

    The Internal Revenue Service (IRS) has the entirety of 2021 to send out this third stimulus check, it is important to keep track of stimulus money owed to you.

    This can be done by using the Get My Payment tracker tool and holding onto the Biden stimulus letter.

    If arriving by mail, you can also track the status of your stimulus payment, designed to alleviate the economic effects of the coronavirus pandemic.

  • Fatma Khaled

    BIDEN TOLD AMERICANS HOW TO TRACK THEIR STIMULUS CHECK

    Joe Biden has told Americans how to track their $1,400 stimulus check using the IRS tool in a letter that you must keep.

    The letter was sent out to Americans that have received a third stimulus check, last month.

    The document, on The White House letterhead and signed by "President Joseph R. Biden Jr." was addressed to "my fellow American."

    It went on to detail the elements of the American Rescue Plan that was signed into legislation on March 11.

    Biden cleared up that the $1,400 third stimulus check, helps to make up the promise he made of issuing $2,000 to American people – if you add it to the third $600 payment from December.

    "This fulfills a promise I made to you, and will help get millions of Americans through this crisis," the president wrote.

  • Fatma Khaled

    COVID RELIEF FOR UNDOCUMENTED IMMIGRANTS IN NEW JERSEY IS NOT ENOUGH, SAYS ACTIVIST

    Sara Cullinane, director of Make the Road New Jersey and organizer of the Fast for Relief, told NewJersey.com that sending stimulus checks to undocumented immigrants in New Jersey marked the “important first step.”

    Yet she added that it “will only reach a fraction of the population of excluded workers and their families, and is not nearly enough to meet the vast and desperate need.”

    According to a study by Make The Road New Jersey, undocumented workers contribute more than $600million in state and local taxes and more than $1billion to the state’s unemployment fund in the past decade. 

    New Jersey officials claim another one-time payment could be possible but that it will depend on the guidance given for spending of money supplied via the American Rescue Plan signed in March. 

  • Fatma Khaled

    UNDOCUMENTED IMMIGRANTS IN NEW JERSEY TO RECEIVE STIMULUS

    Undocumented immigrants in New Jersey will receive $40million in stimulus checks after Governor Phil Murphy on Friday announced a new relief package. 

    The funds come as part of a larger $275million economic relief bundle and were launched by the state after a nearly month-long hunger strike by undocumented residents pushing for financial aid. 

  • Fatma Khaled

    STIMULUS CHECKS WILL BE SENT OUT THROUGH DECEMBER

    In March 2021, the stimulus law was passed, and this law gives the government until December 31, 2021, to distribute stimulus checks.

    What’s more, if you don’t get a stimulus check this year, you’ll have to file a missing check claim with your IRS tax returns in April 2022 – meaning that some people won’t get their money until more than a year from now.

    On the bright side, if you have kids, you can expect a child tax credit payment for up to $3,600 per child this summer.

  • Fatma Khaled

    TARGETED PAYMENTS SHOULD BE SENT MORE FREQUENTLY, SAYS NGO DIRECTOR

    Economic Security Project's director Adam Ruben told Newsweek that automatic stabilizers are needed to send out targeted payments amid economic recovery.

    Ruben added that those payyments should be at least $1,000 each and should be sent out frequently.

    "Whether it's $1,000, $1,200, or $2,000, people spend that money … it lasts people a couple of months at most," Ruben told Newsweek. "The important thing is the regularity of it—that people know another one is coming and they can keep their heads above water."

  • Fatma Khaled

    PARENTS COULD RECEIVE $1,000 STIMULUS CHECKS IF NEW ANNUAL TAX CUT WAS PASSED

    Parents of kids under 13 may be receiving $1,000 stimulus checks per month if Congress moves forward with a new annual tax cut.

    As families across the country wait to see if Congress will send out another stimulus check, some lawmakers are floating their own versions of family relief.

    Republican Sen. Josh Hawley of Missouri suggested creating a Parent Tax Credit that would grant a tax cut up to $12,000 per year. He said he hopes the potential law would help young working people start families.

    “Millions of working people want to start a family and would like to care for their children at home, but current policies do not respect these preferences," Hawley said.

    Hawley believes his program, available to those with a child under the age of 13, would provide "historic relief" to families who would prefer to have one parent stay home with the children.

    "Current federal childcare programs and policies force both parents into the labor market and require children be enrolled in formal commercial childcare," a press release from Hawley's office reads.

    Hawley says his plan would give more flexibility to those who don't want to send their kids to daycare.

  • Fatma Khaled

    FOURTH STIMULUS CHECK COULD LEAD TO DEBT

    Earlier this year, moderate Democrats pushed to cut off eligibility for wealthier Americans who kept their jobs while receiving the payment.

    Biden agreed with this but members of the Republican Party appear to be against sending out the fourth payment as a result of the cost and the resulting debt.

    Nevertheless, liberal lawmakers, like Senators Bernie Sanders, Elizabeth Warren, and Rep Alexandria Ocasio-Cortez, are demanding reoccurring stimulus checks until the Covid-19 crisis is over

    Additionally, the Economic Security Project said fourth and fifth direct payments would keep 12 million people out of poverty in the wake of the pandemic.

  • Fatma Khaled

    PLUS-UP PAYMENTS ARE SENT WEEKLY

    The Internal Revenue Service (IRS) recently said in a statement that it will continue to send out stimulus checks and plus-up payments on a weekly basis.

    Eligible Americans can expect their plus-up payments to arrive every week if they have filed their 2020 tax return by now.

    The IRS is currently recalculating and sending “plus-up” payments as a credit on your taxes this year.

    Having more dependents could also qualify you for a larger sum of money. Dependents typically qualify for $1,400 checks regardless of their ages.

    But even if you have many dependents, there is still an income limit that you can’t exceed to qualify for a larger check. 

    This means that the IRS starts calculating your stimulus by first evaluating your Adjusted Gross Income (AGI) before factoring in your dependents. 

  • Fatma Khaled

    HERE IS WHY YOU MAY HAVE RECIEVED A DIFFERENT AMOUNT OF STIMULUS THIS ROUND

    If you've received your stimulus check by now, you may have wondered why you received a different amount than expected. 

    This might be because the Internal Revenue Service (IRS) owes you a plus-up payment that is yet to be sent out to make up for your missing money, or it could be because you didn’t qualify for that much money. 

    The IRS uses a certain equation when calculating the amount of money you will receive. This formula starts with your gross income and laters adds on every dependent you claim, according to CNET.

    The IRS may owe you more money in case they have calculated your check based on your 2019 tax year where you may have earned more income than you did in 2020. In this case, the IRS will send you a plus-up payment to make up for the missing amount. 

    Plus-up payments are the missing stimulus amounts from the previous two checks. 

    Those missed payments will be accessible by claiming the Recovery Rebate Credit when you submit your taxes, according to The Ascent.

  • Fatma Khaled

    CONSIDERING FUTURE RELIEF

    The White House and senators are weighing in on launching automatic relief to prepare for future recessions caused by public crises.

    The Economic Security Projects proposed automatic stabilizers to 50 members from the Senate Finance Committee, according to Newsweek.

    Those stabilizers would connect future unemployment payments and stimulus checks to the status of the economy.

    According to the organization's plan, this means that when the unemployment rate is high, relief payments would be sent out broadly but when that rate drops, those payments would be narrowed and delivered to low-income families.

    "They understand that this is smart policy and good politics," Adam Ruben, director of the Economic Security Project, told Newsweek. "Putting in place these kinds of triggers would smooth out the recovery and no one is left at the mercy of Washington gridlock in future recessions."

    The Economic Security Projects is hoping that the Joe Biden administration would add this measure to either the American Families Plan or the American Jobs Plan.

  • Fatma Khaled

    THIRD STIMULUS CHECKS ROLLED OUT THIS WEEK

    AMERICANS who haven’t yet received their $1,400 stimulus need to check their mailboxes: another round of checks was issued on May 5.

    The IRS just sent out another 1.1million stimulus checks – totaling more than $2billion – via mail and direct deposit, and the government promises that there’s more money coming.

    Depending on what your tax returns show this year, you may be eligible for a “plus-up” payment, especially if the IRS underestimated your stimulus amount.

    And once you get these payments, expect a letter from President Joe Biden, which will give details about your next set of payments to follow.

    It’s super-important to hold on to your letter from President Biden once you get it because it will ensure that you receive the correct amount owed to you under the plan.

    In March, the huge relief package included a round of $1,400 stimulus checks for people earning $75,000 and below, as well as couples who make under $150,000 a year.

  • Fatma Khaled

    CONGRESS SET TO DECIDE ON SENDING FOURTH STIMILUS CHECKS

    CONGRESS will decide whether or not to send hard-hit Americans more stimulus checks this year, the White House says.

    During a press conference on Tuesday, Jen Psaki told reporters that more relief payments would be an expensive measure for the federal government.

    "We'll see what members of Congress propose, but those are not free," she said, touting the overhauled child tax credit in Biden's stimulus plan.

    This increased the amount to $3,600 for each child aged five and under, while parents of six to 17 year-olds would get $,3000 per child.

    Biden's $1.8 trillion economic plan stipulates that child allowance will continue through 2025.

    Psaki continued: "If passed, the families of tens of millions of children will continue to get regular payments.

  • Fatma Khaled

    A PROPOSED PARENT TAX CREDIT PROGRAM COULD PROVIDE "HISTORIC RELIEF"

    Republican Sen. Josh Hawley of Missouri suggested creating a Parent Tax Credit that would grant a tax cut up to $12,000 per year. He said he hopes the potential law would help young working people start families.

    “Millions of working people want to start a family and would like to care for their children at home, but current policies do not respect these preferences," Hawley said.

    Hawley believes his program, available to those with a child under the age of 13, would provide "historic relief" to families who would prefer to have one parent stay home with the children.

    "Current federal childcare programs and policies force both parents into the labor market and require children be enrolled in formal commercial childcare," a press release from Hawley's office reads.

  • Fatma Khaled

    PARENTS COULD RECEIVE $1,000 CHECKS IF NEW ANNUAL TAX CUT WAS APPROVED

    Parents of kids under 13 may be receiving $1,000 stimulus checks per month if Congress moves forward with a new annual tax cut.

    As families across the country wait to see if Congress will send out another stimulus check, some lawmakers are floating their own versions of family relief.

    Republican Sen. Josh Hawley of Missouri suggested creating a Parent Tax Credit that would grant a tax cut up to $12,000 per year. He said he hopes the potential law would help young working people start families.

    “Millions of working people want to start a family and would like to care for their children at home, but current policies do not respect these preferences," Hawley said.

  • Fatma Khaled

    CONGRESS HASN'T APPROVED A FOURTH ROUND OF STIMULUS CHECKS

    A false Facebook post that circulated on May 5 claimed that people should expect a fourth stimulus check worth $2,000 a person by Memorial Day Weekend.

    Even though a number of lawmakers are pushing for recurring stimulus, Congress hasn't approved a fourth round, according to USA Today.

    The effort to push for more checks throughout COVID-19 began in January when U.S. Representative Ilhan Omar and 52 other House Democrats asked Biden and Vice President Kamala Harris to push for recurring checks. 

  • Fatma Khaled

    LAWMAKERS SUPPORT THE IDEA OF A FOURTH STIMULUS ROUND

    The idea of a fourth check and recurring fund throughout the pandemic is supported by at least 75 lawmakers.

    Around two weeks after President Joe Biden signed the $1.9 trillion stimulus package into law, more than 20 Senate Dems joined the call for recurring payments in the next stimulus round.

    The effort to push for more checks throughout COVID-19 began in January when U.S. Representative Ilhan Omar and 52 other House Democrats asked Biden and Vice President Kamala Harris to push for recurring checks. 

  • Fatma Khaled

    DIRECT CASH PAYMENTS ARE WORKING

    Economic Security Project, a nonprofit group, argued that recurring stimulus checks will decrease poverty.

    The group previously said on Twitter, as they argued for recurring stimulus checks.

    “Cash has been the leading force in reducing poverty during one of the deepest recessions in modern history," the group said in a recent report.

    Having recurring payments is "one of the only policies that can narrow persistent imbalances in poverty, income, and wealth between Americans of color and white Americans,” the nonprofit added.

  • Luke Kenton

    EARLY TAX FILERS MAY GET EXTRA CASH

    For Americans who filed their taxes early this year, extra cash may be on the way in the form of a bonus check or what’s known as a plus-up payment.

    According to the IRS, Americans who received a stimulus check based on their 2019 tax returns might be eligible for more money once their 2020 return has been processed.

    The additional “plus-up payments” will be sent to those whose economic situations changed between 2019 and 2020.

    If their newest tax filing shows a drop in annual income or a new child or dependent, then more money could be on the way.

    This particularly applies to those who didn’t qualify for the full $1,400 check in the third round of stimulus based on returns from 2019, but do for their 2020 returns.

    It will also apply to Americans who got married in 2020 and filed a joint return for the year, with an adjusted gross income of less than $150,000.

    If an individual wasn’t required to file taxes in previous years but did this year, then more money may also be on the way for them too.

  • Luke Kenton

    HOW TO TRACK TAX REFUND

    In March, the Internal Revenue Service (IRS) extended the tax return deadline from April 15 to May 17.

    Yet it’s a good idea to file your return sooner rather than later, as it’ll ensure some Americans get a fourth stimulus check worth $1,400.

    The latest data by the IRS show that the average tax refund was $2,873 in the week to April 26, compared with $2,939 for those who filed online.

    It comes as almost 111 million tax returns have been filed so far, of which 73.3million households are due refunds.

    You can see where your money is 24 hours after you’ve filed your tax return by logging into the IRS’ Where’s My Refund tool.

    To do this, you’ll need to enter your Social Security Number (SSN) or Individual Taxpayer Identification Number (ITIN), which is shown on your tax return.

    You’ll also need to enter your filing status and refund amount shown on your tax return – make sure it’s the exact amount shown to get the most accurate information.

    You will then be taken to a page that will show you where your refund is.

  • Luke Kenton

    WEST VIRGINIA GOV. WANTS TO GIVE PEOPLE STIMULUS TO GET VACCINATED

    West Virginia Gov. Jim Justice is planning to give young people in his state money to get the Covid-19 vaccine, saying the move is “patriotic.”

    The state will give residents between the ages of 16 and 35 a $100 savings bond after Justice said they had “hit a wall” when it came to vaccination efforts.

    The reason we hit a wall is you’ve got 16 to 35-year-olds that are reluctant, you’ve got the Johnson & Johnson situation, and then, to be perfectly honest, you’ve got some hard-headed people,” Justice told Yahoo! Finance last week.

    The governor said that the goal is to incentivize young people who may feel that they do not need the vaccine to help the state reach the goal of vaccinating 70 percent of its population.

  • Luke Kenton

    BIDEN’S NEW PLAN MAY LAND YOU $14.8k in PAYMENTS

    President Joe Biden’s America Families Plan, should it pass in Congress, would save the average family $14,800 per year in child care costs, among other proposed benefits.

    According to a summary of the plan from the White House, “When fully implemented, the President’s plan will provide 3 million children from low- and middle-income families with high-quality care.”

    The plan will also expand federal child tax credit, which will provide families $3,600 over the course of a year for children under age 6 and $3,000 for children six years and up.

    Families will get that money in the form of what are essentially stimulus checks, sent out monthly by the IRS starting in July.

  • Luke Kenton

    WHITE HOUSE AND SENATORS WEIGH AUTOMATIC STIMULUS RELIEF

    Senators and the White House are reportedly considering setting up automatic relief for the next time the economy comes into significant distress.

    The Economic Security Project briefed 50 staff members from the Senate Finance Committee on automatic stabilizers on Tuesday, which would tie the issuance of expanded unemployment payments and stimulus checks to the state of the economy.

    The organization has also spoken with the Biden administration and is hoping the president includes the measure in one of his future relief bills.

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