The latest batch of $1,400 stimulus checks are sent. Social Security beneficiaries received most of the money

The latest batch of $1,400 stimulus checks are sent. Social Security beneficiaries received most of the money

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A fourth batch of more than 25 million $1,400 stimulus payments has been sent, and this time Social Security beneficiaries received most of the money.

The IRS announced on Wednesday that new stimulus checks totaling more than $36 billion had been issued. Those payments began processing on Friday, April 2, and had an official payment date of April 7.

The new batch brings the total payments issued to date to more than 156 million, or about $372 billion.

The $1,400 stimulus checks were authorized by Congress in March. They include payments of up to $1,400 per person, plus $1,400 per eligible dependent, as long as they are under certain income thresholds and meet certain other requirements.

Source: cnbc.com


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