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.
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.
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.
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.
"We have a number of controls in place to make sure that we check and look at how those payments are going out," said one of the officials.
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