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Here’s who really got the third stimulus check

New IRS data reveals who got the third stimulus check

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IRS issued stimulus checks.

In this April 23, 2020, file photo, President Donald Trump’s name is seen on a stimulus check issued by the IRS to help combat the adverse economic effects of the COVID-19 outbreak, in San Antonio.

Eric Gay, Associated Press

Most of the third stimulus checks — which were sent in March 2021 —went to households who earned less than $50,000 per year, according to new data from the Internal Revenue Service and U.S. Treasury.

  • In fact, about 52% of the data of the checks — specifically the checks that were sent out through June 3 as a part of the third stimulus check — were to those who made less than $50,000.
  • And about 10% went to Social Security, the Railroad Retirement Board, and the Department of Veterans Affairs beneficiaries, according to NJ.com.

Cities such as Washington, D.C., and New York City received a small number of payments for the third stimulus check, Bloomberg reports.

Will there be a fourth stimulus check?

Probably not. There has been speculation that Congress could discuss another round of stimulus checks during the pandemic, according to Yahoo Finance. But it’s unlikely because so much of the stimulus check cash has remained unspent.

U.S. House Republican Whip Steve Scalise said there’s a lot of stimulus money still unclaimed, meaning that some checks have gone unspent by people who received them.

  • “There’s over a trillion dollars of money unspent from previous (coronavirus) relief bills ... still sitting in a bank account,” he said on ABC’s “This Week.”

Indeed, data from the Internal Revenue Service obtained by The Boston Herald found that 1,245,339 stimulus checks have not been spent because they haven’t been claimed yet. 

  • The IRS told The Boston Herald the data show “the number of people who either refused to accept, paid back or not cashed the stimulus checks they received from the IRS as a result of the CARES Act that was signed into law on March 27, 2020.”