Internal Revenue Service (IRS)

Economic Impact Payments total $379bn

The sixth batch of payments included nearly 2 million payments with a value of nearly $3.4bn

The IRS, U.S. Department of the Treasury, and the Bureau of the Fiscal Service have announced they are disbursing nearly two million payments in the sixth batch of Economic Impact Payments, bringing the total disbursed so far to approximately 161 million payments, with a total value of more than $379bn. 

The sixth batch of payments began processing on Friday, April 16, with an official payment date of April 21, with some people receiving direct payments in their accounts earlier as provisional or pending deposits. 

In total, this batch includes nearly 2 million payments with a value of nearly $3.4bn. Nearly 700,000 payments, with a value of more than $1.3bn, went to eligible individuals for whom the IRS previously did not have information to issue an Economic Impact Payment but who recently filed a tax return. 

This batch also included additional ongoing supplemental payments for people who earlier this year received payments based on their 2019 tax returns but are eligible for a new or larger payment based on their recently processed 2020 tax returns. This batch included nearly 700,000 of these “plus-up” payments, with a value of nearly $1.2bn.

Another 600,000 payments went to Social Security beneficiaries and Supplemental Security Income recipients, including those with foreign addresses.

Overall, this sixth batch of payments contains about 900,000 direct deposit payments, with a total value of $1.5bn, and nearly 1.1 million paper check payments, with a total value of nearly $1.8bn.

The IRS will continue to make Economic Impact Payments on a weekly basis. Ongoing payments will be sent to eligible individuals for whom the IRS previously did not have information to issue a payment but who recently filed a tax return, as well to people who qualify for “plus-up” payments.

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