Stimulus check: 50,000 People may get “Catch up” Checks – Daily Access News
Finance

Stimulus check: 50,000 People may get “Catch up” Checks

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In recent months, the Internal Revenue Service (IRS) has been working hard to get stimulus or Economic Impact Payment (EIP) payments out to approximately 180,000,000 U.S. citizens. To date, the agency estimates they have sent out about 160,000,000 of those payments. While the process hasn’t gone as smoothly as President Donald Trump would have wanted, people have been getting some of the relief they need so desperately because of the COVID19 virus pandemic.

The IRS has been issuing these payments on behalf of the U.S. Treasury as part of the Coronavirus Aid, Relief, and Economic Security Act, or CARES Act. The CARES Act was signed with bipartisan support in March of this year.

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