Latest Batch of $1,400 Stimulus Checks Includes More Payments for Those Who Filed Their Taxes

Over $1.3 billion in checks were processed in the latest round.

By Derek Major

This story originally appeared on Black Enterprise

A sixth batch of $1,400 coronavirus stimulus checks have been sent out and includes people the IRS previously have on record.

More than $1.3 billion in checks were processed in this round after the IRS processed their 2020 tax returns. More than $300 billion has been sent to Americans via direct payments since March and the latest set of stimulus checks are worth $3.4 billion. More than 1 million payments were made by paper check while about 900,000 were directly deposited in bank accounts.

Related: Study Shows 2 More Stimulus Checks Could Keep 12 Million People Out of Poverty

CNBC reports a recovery rebate credit has been added to this year's tax form so people who did not get their previous stimulus checks can get them. The latest round of stimulus funds also includes additional payment for those who are eligible for more money now that their 2020 returns have been processed.

Stimulus payments have been paramount for millions of Americans who lost their jobs during the coronavirus pandemic. The payments have been so paramount, many workers across the country have been able to live off them while looking for better jobs and opportunities.

That has led to hiring shortages in the fast food, bar, restaurant, and hotel industries as workers hold out for better benefits such as paid time off and paid sick leave. Workers who previously took jobs with little benefits, now want companies and employers to do more for them and to protect them from the virus.

While business leaders across the country have blamed stimulus checks and government assistance for the hiring issues, University of Pennsylvania Professor Ioana Marinescu told the New York Times, it's a bit more complicated.

"Right now what seems to be happening is that job creation is outpacing the search effort that workers are putting forth," Professor Marinescu told the Times. "Compared to how people reacted last spring, it's not that long ago, but the situation has changed a bit.

According to Marinescu, a decline in workers' desire to pursue employment matters more when there are a significant number of job openings available. This is the likely situation as the economy slowly begins to reopen.

Many who received their stimulus check early in the year may be wondering if more help is on the way. It's likely Democrats will push for a fourth stimulus check or recurring payments, while Republicans will counter, saying the country's debt is already too high and workers need to get back to work.

Related Topics

Editor's Pick

Everyone Wants to Get Close to Their Favorite Artist. Here's the Technology Making It a Reality — But Better.
The Highest-Paid, Highest-Profile People in Every Field Know This Communication Strategy
After Early Rejection From Publishers, This Author Self-Published Her Book and Sold More Than 500,000 Copies. Here's How She Did It.
Having Trouble Speaking Up in Meetings? Try This Strategy.
He Names Brands for Amazon, Meta and Forever 21, and Says This Is the Big Blank Space in the Naming Game
Business News

These Are the Most and Least Affordable Places to Retire in The U.S.

The Northeast and West Coast are the least affordable, while areas in the Mountain State region tend to be ideal for retirees on a budget.

Culture

50 Work-From-Home Jobs that Pay As Much or More than Average Salary

If you're tired of driving to an office and would love to work at home, there are plenty of high-quality full-time work-from-home jobs for you.

Growing a Business

Are You Using the Most Powerful Marketing Tool on the Planet? Ashley Kirkwood Shows You How.

Learn how to make money from (and through) public speaking, even if you've never been on a stage.

Travel

6 Secret Tools for Flying First Class (Without Paying Full Price)

It's time to reimagine upgrading. Here's how to fly first class on every flight, business or personal.

Business News

I Live on a Cruise Ship for Half of the Year. Look Inside My 336-Square-Foot Cabin with Wraparound Balcony.

I live on a cruise ship with my husband, who works on it, for six months out of the year. Life at "home" can be tight. Here's what it's really like living on a cruise ship.

Growing a Business

Chris Do of The Futur on his 1 Billion Mission

Interview with CEO of The Futur Chris Do about self development, creating the best content, and The Futur Euro Tour.