While you may have heard them referred to as stimulus checks, the Economic Impact Payments were for the most part direct deposited into bank accounts or sent out as bank cards. More than 476 million payments totaling $814 billion in financial relief went to households impacted by the pandemic. The Internal Revenue Service (IRS) based the amounts that individuals received on income, tax filing status, and number of children (or qualifying dependents, like a relative).
NOTE: If you did not receive an Economic Impact Payment in 2020 or 2021, or you have questions about the payments, please visit the Internal Revenue Service for more information.
How much was paid in each of the three rounds?
Round 1, March 2020: $1,200 per income tax filer, $500 per child (CARES Act)
Round 2, December 2020: $600 per income tax filer, $600 per child (Consolidated Appropriations Act, 2021)
Round 3, March 2021: $1,400 per income tax filer, $1,400 per child (American Rescue Plan Act)