Those who want to check on the status of their payments can visit the IRS' "Get My Payment" tool, which was set up during the first round of checks last year. RELATED VIDEO: Single Mom Whose Net Worth Reached $750K in 4 Years Shares Her Budgeting and Investing Advice The funds will be sent out to eligible recipients on a weekly basis as the IRS continues to process tax returns from the last two years, they explained. Two million people will receive their money by way of paper checks, while the other half will see theirs arrive via direct deposit into their bank accounts. IRS EIP Notices: We mailed these notices to the address we have on file. In all, more than 4 million people will be getting money during the third round of payments from the government, totaling more than $10 billion. Your Online Account: Securely access your individual IRS account online to view the total of your first, second and third Economic Impact Payment amounts under the Economic Impact Payment Information section on the Tax Records page. RELATED: The Timing of Your Stimulus Check Deposit Might Depend on Which Bank You Have - What to Know "These 'plus-up' payments could include a situation where a person's income dropped in 2020 compared to 2019, or a person had a new child or dependent on their 2020 tax return, and other situations," the IRS said. People who had a baby in 2020 or have a new dependent to claim may also qualify for the extra funds. RELATED: If You Haven't Received Your Stimulus Money Yet, It Could Still Arrive in the Next Few Weeks The Internal Revenue Service has announced that it’s sent out a third batch of American Rescue Act stimulus payments, and this is the first batch that includes plus-up or supplemental. "This batch includes the first of ongoing supplemental payments for people who earlier in March 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," the IRS said in a press release from April 1.
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