• The IRS just disbursed 2.2 million more $1400 stimulus payments, but it mostly went to recent tax filers

    3 days ago - By Business Insider

    Summary List Placement Another 2.2. million Americans will start receiving $1400 stimulus checks this week.
    The third round of stimulus payments, meant to help people who lost income or work during the coronavirus pandemic, is worth over $4 billion, according to the Internal Revenue Service.
    The latest disbursement brings the total number of payments to 171 million, according to an IRS news release on Wednesday .
    The majority of the 2.2 million payments went to eligible individuals who did not previously file information with the IRS for an Economic Impact Payment, but have since filed a...
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  • Almost half of Americans used the $1,400 stimulus checks to pay off debt

    Almost half of Americans used the $1,400 stimulus checks to pay off debt

    4 days ago - By Business Insider

    According to survey data from the Surveys of Consumers at the University of Michigan, 45% of respondents mostly used the $1,400 stimulus checks to pay off debt.
    Stígur Már Karlsson /Heimsmyndir/Getty Images
    A new paper looks at how Americans used their third stimulus checks.
    A large share, 45%, of Americans surveyed used the $1,400 to mostly pay off debt.
    Claudia Sahm said the checks were used to help families financially but also helped "stimulate the economy."
    See more stories on Insider's business page .
    The third round of stimulus checks helped families with expenses and bills, but in...
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