IRS says veterans waiting for third stimulus check will receive money by April 14

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Some veterans who have been waiting weeks for their third stimulus checks could see the money arrive by April 14, the IRS said.

The agency has been delivering the $1,400 payments – part of President Biden's coronavirus relief bill – on a rolling basis since mid-March. But many low-income Americans who receive government benefits and are not required to file a tax return have been waiting for the cash to arrive.

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The IRS delivered about 19 million checks, worth roughly $26 billion, to Social Security recipients this week as part of the fourth batch of checks. Another 3 million payments, or about $5 billion, went to Supplemental Security Income beneficiaries, while about 85,000 payments went to Railroad Retirement Board beneficiaries. 

Americans who are receiving Veteran Affairs benefits are slated to receive the money next: The IRS said that as long as no issues arise, those beneficiaries can expect to see their money land on Wednesday, April 14.

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The status of their payment should become available on the IRS' Get My Payment tool on Saturday or Sunday.

Additional tranches of stimulus checks and "plus-up" payments for Americans who did not receive the fully promised amount will be sent out on a weekly basis going forward, the IRS said.

The cash payments included in Biden's stimulus bill are the largest yet, with some Americans eligible to receive up to $1,400. But like the previous rounds of checks – worth a respective $1,200 and $600 – some people will be excluded.

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Under the legislation, individuals with an adjusted gross income of $75,000 or less and couples with an adjusted gross income of $150,000 or less are eligible to receive a one-time payment of $1,400.

Americans who earn more than the threshold will still receive a partial check. But payments are cut off for individuals who earn $80,000 a year or more and couples who earn $160,000 a year or more. For those filing as head of household, the phaseout begins at $112,500 and tapers off at $120,000.

The checks are directly tied to Americans' latest processed tax returns, either from 2020 or 2019.

 

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