The Internal Revenue Service (IRS), U.S. Department of the Treasury, and the Bureau of the Fiscal Service have disbursed more than 2.2 million additional Economic Impact Payments under the American Rescue Plan.
The announcement, which covers the most recent six weeks of the effort, brings the total disbursed so far under the American Rescue Plan to more than 171 million payments.
Together, they represent a total value of more than $400 billion since these payments began rolling out to Americans in batches on March 12.
In total, the latest batch includes about 2.2 million payments with a value of more than $4bn and about 1.3 million payments, with a value of approximately $2.6bn, which 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.
The IRS will continue to disburse 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.