President Joe Biden has signed the $1.9 trillion American Rescue Plan Act into law, ensuring millions of eligible American households will receive a third round of stimulus payments through the latest coronavirus relief bill.
The Internal Revenue Service (IRS) has started sending the third round of stimulus payments, and VyStar Credit Union expects to receive and post the first batch of stimulus payments to member accounts beginning Tuesday, March 16. VyStar will continue to automatically post payments as we receive them.
Eligible individuals will receive a payment of up to $1,400.
For additional information, including the status of your stimulus payment, please visit www.irs.gov. The IRS is the only organization that can answer questions related to your specific stimulus payment.
No action is required from most people, including those who electronically file tax returns or receive Social Security payments.
Stimulus payments are being automatically posted to member accounts as we receive them from the Internal Revenue Service (IRS).
Unfortunately, VyStar does not have any information regarding missing payments, as we simply process the payments provided to us by the IRS.
Please note that these payments are being sent by the IRS in batches over the coming weeks, and not all members will receive their funds at the same time.
Because the IRS is sending payments in batches, your payment may be part of a later group. Please check IRS.gov for updates on the status of your payment.
Social Security and Railroad Retirement recipients who are not typically required to file a tax return do not need to take action. The IRS will use information on the Form SSA-1099 to issue Economic Impact Payments.