US STIMULUS CHECK

Third stimulus check: how many people will get it?

Treasury and Internal Revenue Service officials confirm that $1,400 checks will start to arrive in bank accounts over the weekend.

Pool/ABACA

AS USA

Update: Mar 13th, 2021 07:02 EST

American citizens will see the first direct deposits from President Joe Biden's $1.9 trillion relief package hit their bank accounts this weekend, Treasury and Internal Revenue Service officials have confirmed.

A first batch of $1,400 stimulus payments was processed Friday, with additional large batches of payments to be sent via direct deposits or through the mail as checks or debit cards in coming weeks, the officials said.

Third stimulus check: how many people will get it? — US President Joe Biden, with Vice President Kamala Harris (R), speaks about the American Rescue Plan in the Rose Garden of the White House in Washington, DC, on March 12, 2021. (Photo by Olivier DOULIERY / AFP)OLIVIER DOULIERY

That means a family of four earning up to $150,000 will receive $5,600. Unlike the first two payments, which were limited to children under 17, this round of checks will also go to all qualifying dependents, including college students, adults with disabilities, parents and grandparents, the officials said.

Nearly 160 million U.S. households will receive some $400 billion in direct payments of $1,400 per person, helping individuals earning up to $75,000 annually and couples up to $150,000. Those earning more, but less than $80,000 per individual or $160,000 per couple, will receive reduced amounts.

Thank you, President Biden.

Thank you, Vice President Harris.

Thank you, Speaker Pelosi.

Together, Democrats delivered big, bold COVID relief for Americans.

Hope is on the horizon, and help is on the way.#AmericanRescuePlan
— Chuck Schumer (@SenSchumer) March 12, 2021

Officials said they were coordinating with the Social Security Administration, other government agencies and financial institutions to avoid problems seen during the last round of stimulus payments, when checks went out to thousands of people who were deceased.