Stimulus Check Update: IRS Continues to Crank Out "Plus-Up" Payments (Will You Get One?)
Did you already pocket a third stimulus check? If so, would you like the IRS to send you even more cash? Well, for some people, that's exactly what's happening, thanks to a twist in the law that requires the IRS to send a "supplemental" check to certain people who already received a third stimulus payment. (And we're not talking about a fourth round of stimulus payments that everyone gets.) The IRS is calling these extra checks "plus-up" payments, and more than 7 million lucky Americans have already receive the extra payment. More plus-up payments will be sent in the weeks and months ahead as the IRS continues to process 2020 tax returns. The big question is: Will you get one?
Generally, plus-up payments are being sent to Americans who received a third stimulus check that was based on information taken from their 2019 federal income tax return or some other source, but who are eligible for a larger payment based on a 2020 return that is filed and/or processed).
