WASHINGTON (WSIL) � The Internal Revenue Service announced Monday that the next batch of Economic Impact Payments will be issued to taxpayers this week, with many of these coming by paper check or prepaid debit card.
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For taxpayers receiving direct deposit, this batch of payments began processing on Friday and will have an official pay date of Wednesday, March 24, with some people seeing these in their accounts earlier, potentially as provisional or pending deposits.
A large number of this latest batch of payments will also be mailed, so taxpayers who do not receive a direct deposit by March 24 should watch the mail carefully in the coming weeks for a paper check or a prepaid debit card, known as an Economic Impact Payment Card, or EIP Card.
Watch the mail for paper checks, EIP Cards
Taxpayers should note that the form of payment for the third EIP may be different than earlier stimulus payments.
More people are receiving direct deposits, while those receiving them in the mail may get either a paper check or an EIP Card � which may be different than how they received their previous stimulus payments. IRS and the Treasury Department urge eligible people who have not received a direct deposit to watch their mail carefully during this period.
Paper checks will arrive by mail in an envelope from the U.S. Department of the Treasury.
For those taxpayers who received their tax refund by mail, this paper check will look similar, but will be labeled as an “Economic Impact Payment.�
