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May 05, 2021
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More than 1.1 million economic stimulus checks worth more than $2 billion are on the way.

The Internal Revenue Service announced Wednesday the distribution of the eighth batch of the third round of stimulus payments aimed at helping shore up Americans' finances during the COVID-19 pandemic. The maximum amount for the third round is $1,400 per individual and $2,800 for a couple.

With the latest payments, the U.S. government has disbursed about 164 million payments worth $386 billion since the checks started March 12.

The latest round started processing Friday and will carry a payment date of May 5. More than half of Americans included in this round will receive their payments in the form of direct deposits, while the rest will get paper checks.
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