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3rd Round of Stimulus Checks to Begin Wednesday

The third round of COVID-19 stimulus checks is slated to begin hitting Americans’ bank accounts Wednesday via direct deposit, according to the IRS.

The checks, totaling $1,400 for millions of individuals and more for households depending on their sizes, will not go to people whose incomes exceed $80,000 a year. However, married couples who earn up to a combined income total of $160,000 will be eligible to receive a check.

“Over the next 10 days, we’ll reach two goals — two giant goals,” President Joe Biden, who last week signed his $1.9 trillion coronavirus relief plan into law, said Monday. “The first is 100 million shots in people’s arms will have been completed within the next 100 days. And 100 million checks in people’s pockets in the next [10] days. Shots in arms and money in pockets — that’s important.”

The IRS said that some Americans may see the direct deposit payments as pending or as provisional payments in their accounts before the official payment date of March 17.

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