Over 90 million checks have gone out from the third round of the stimulus funding. But the Internal Revenue Service has not announced when they will be sending out the $1400 checks for those on Supplemental Security Income and Social Security Disability Insurance programs, but they say those details will be released soon. But delays could happen because this is also tax season for the I.R.S. But when checks are issued people who receive benefits from those programs will get their money the same way.
If you received unemployment benefits, it is important to remember that it can be listed as taxable income. This information will need to be included in Tax Form 1099-G. If you did not receive your stimulus payments, it is also important to report this when filing your taxes. Any amount that you did not receive could be brought back to you in the form of a rebate when filing your taxes.
The debate to raise Americans' stimulus check payments from $600 to $2,000 is still on in the Senate. Democrats have been pushing for the higher amount; however, Senate Majority Leader Mitch McConnell blocked efforts to quickly pass the measure and has not given an answer on when he would bring it back up for a vote.
The stimulus checks from the government are on their way into many bank accounts, but with it, an increase in scammers. The Better Business Bureau is warning of any suspicious emails and phone calls that may request financial information for you to receive your stimulus check. Not only that, but scammers are now using text messages and social media accounts with fake numbers to reach individuals.