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Why some just got a stimulus check ‘plus-up’ payment

Did you get more money from your stimulus check? There’s a reason why

SHARE Why some just got a stimulus check ‘plus-up’ payment
Blank United States Treasury checks are shown on an idle press at the Philadelphia Regional Financial Center.

Blank checks on an idle press at the Philadelphia Regional Financial Center, which disburses payments on behalf of federal agencies in Philadelphia are pictured in 2008.

Matt Rourke, Associated Press

Another batch of stimulus checkshave made their way into bank accounts, and some people got a “plus-up” payment, according to CNBC.

What is a ‘plus-up’ payment?

Per CNBC, some people received an additional payment on top of the stimulus check they already received. This is called a “plus-up payment.” That extra money went out to people who were due extra money because of their 2020 tax returns.

  • Example: Let’s say you received your stimulus check based on your 2019 tax returns. Then, let’s say you filed your 2020 tax returns after you got the payment. Now, based on your earnings, you could have been due more money because your income dropped.
  • “That includes those who received a stimulus check based on their 2019 tax returns, but who are eligible for more money now that their 2020 returns have been processed,” according to CNBC.
  • Reasons for the increase could be a decrease in earnings or a new dependant, the IRS told CNBC.

What if you qualify but didn’t receive payment yet?

Fast Company reports that the IRSwill automatically send you a “plus-up” payment when it hears about your income changes. Those interested or who have seen their incomes change will want to contact the IRS to receive that payment.

Why is there a ‘plus-up’ payment?

According to The Washington Post, Congress added the measure to help the IRS, which was already dealing with a backlog of cases because of the pandemic year.

  • “Aware of the backlog at the IRS, Congress gave the agency the ability during this stimulus relief round to circle back and essentially top off people who were shortchanged because their tax situation changed in 2020,” The Washington Postreports.