This article has been saved to your
Favorites!
IRS, Treasury Sending Second Batch Of 37M Virus Payments
By Theresa Schliep
· 2021-03-24 18:57:00 -0400
The
Internal Revenue Service and
U.S. Department of the Treasury have begun sending out a second batch of 37 million economic impact payments under the latest coronavirus relief legislation, the agencies said on Wednesday.
The second batch of payments totaled nearly $83 million and is being distributed using direct deposit, paper checks and prepaid debit cards, the agencies said in statements. Treasury and the IRS have sent a total of 127 million payments authorized by the
American Rescue Plan Act ![](//www.law360.com/images/lexis_advance/kb-icon-red.png)
, which was signed by President Joe Biden on March 11 and authorized $1,400 payments for individuals and $2,400 for couples below certain income thresholds, plus additional funds for children.
The payments began processing on Friday, Treasury and the IRS said.
--Editing by Vincent Sherry.
For a reprint of this article, please contact reprints@law360.com.