On Wednesday, the Treasury Department reported that more than 25 million payments were disbursed in the fourth batch of EIP3 payments, bringing the total disbursed so far to more than 156 million payments valued at about $372 billion. The fourth batch of payments began processing on Friday, April 2, with an official payment date of Wednesday, April 7, although some people received access to direct deposited payments earlier.
The payments in the fourth batch went to Social Security (retirement, survivor or disability) recipients who didn't file a 2019 or 2020 tax return and didn't use the Non-Filers tool last year; to Supplemental Security Income (SSI) beneficiaries; and to Railroad Retirement Board (RRB) beneficiaries. Also included were more than a million "plus-up" payments, and another million payments to people for whom the IRS did not previously have information for issuing a payment, but recently filed a tax return, qualified for a payment, and provided the needed information.
Approximately 85% of the EIP3 round of payments have been made by direct deposit, up from 74% of EIP1 payments and 77% of EIP2 payments. Over 3.1 million Direct Express cardholders have received EIP3 payments electronically, more than a half-million more than in previous rounds. Making most of these payments to Direct Express cards enables cardholders, many of whom are unbanked, to receive their Economic Impact Payment the same way they typically receive their federal benefits.
Payments to non-tax-filing VA benefit recipients are scheduled to go out at the end of this week with an official payment date of Wednesday, April 14. The IRS "Get My Payment" tool should have VA beneficiary payment information available by April 10.
Treasury's press release also noted that some federal benefits recipients may need to file a 2020 tax return by May 17, even if they don't usually file, to get EIP3 payments for a qualified dependent. Other non-filers, such as the homeless, rural poor and others, may also qualify for an EIP payment if they file a 2020 return, and may also be eligible for the 2020 Recovery Rebate Credit.