MORE than 1 million "plus-up" payments have been made to Americans in a bid to boost the economy and consumer habits.
Those eligible can expect their plus-up payment to arrive every week if IRS has received their 2020 tax forms but what to do if the plus-up payment you're owed doesn't arrive?
Plus-up payments are the missing stimulus amounts from the previous two checks.
You will be able to receive any missing stimulus money the sooner you file your 2020 tax return.
According to the IRS, you will likely receive a 'plus up' payment on a weekly basis as the agency continues to process tax returns from 2020 and 2019.
If you have received your stimulus payment via a direct deposit, then it’s likely that you’ll also receive any ‘plus-up’ payments in the same manner.
In case your plus-up payment never arrives, here's what you need to do.
If you know how much stimulus money you are owed, you should keep an eye out for payment adjustments.
If the extra payment never arrives you may need to file a claim either later in the year or or potentially a year from now on your 2021 tax return.
Manyare still waiting for their 'plus up' payments while a third round of checks now being sent out to households.
Tax experts suggest that if you didn’t qualify for the latest round based on 2019, but you do qualify based on 2020, then the next best step is to file your 2020 taxes as soon as possible.
This is because the IRS has until the ends or the year to issue the stimulus payments for 2021 and will be reviewing returns for 2020.
Those who are eligible for further payment from the third round include recipients of social security such as veterans, retirees, survivors or those with disability beneficiaries.
The IRS said in a statement on Wednesday that it will continue to send out stimulus checks and plus-up payments on a weekly basis.
"Ongoing payments will be sent to eligible individuals for whom the IRS previously did not have information to issue a payment but who recently filed a tax return, as well to people who qualify for 'plus-up' payments," it read.
The IRS started sending the fifth batch of relief payments on April 9 that included the $1,400 stimulus checks and 700,000 plus-up payments worth a total of $1.2billion.
Two million stimulus checks worth over $3.4billion went out per the fifth batch with 1.2 million direct deposit payments and 800,000 paper checks, according to the IRS.
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