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Over 600,000 People Didn’t Get Third Stimulus Check

By Aman Jain. Originally published at ValueWalk.

third stimulus check

At a time when several states are working on giving out gas stimulus checks, many people haven’t yet received their third stimulus check. In a report published on Thursday, the U.S. Department of the Treasury revealed that more than 600,000 Americans didn’t get their third stimulus check by last fall.

Many Still Didn’t Get A Third Stimulus Check

Congress approved the third round of stimulus checks in March 2021, sending up to $1,400 to each qualified person. As of September 16, 2021, the IRS has issued payments to nearly 167 million people, or about 99.5% of the total.


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However, a report from the U.S. Department of the Treasury noted that 644,705 eligible people haven’t yet received their third stimulus check. These stimulus checks amount to about $1.6 billion. Those who didn’t get the third federal coronavirus stimulus checks primarily include eligible dependents.

“These include individuals who have an (individual taxpayer identification number) who did not receive a payment for their eligible dependents with a valid (social security number) and individuals who were eligible based on the IRS’s adjustment of their unemployment income exclusion from taxable income,” the report noted.

Further, the agency noted about 294,000 issued stimulus checks haven’t yet been accessed or somehow got delayed. As of now, it is unclear how many people have received the payment since mid-September.

Also, the report noted that over 1.2 million checks, totaling about $1.9 billion, were likely issued to the wrong people. These checks were likely issued to ineligible dependents, non-U.S. residents, and duplicate payments to households that changed their tax-filing status.

Proposals For Gas Stimulus Checks

Meanwhile, several lawmakers are working on giving gas stimulus checks to residents to help them offset the rising gas prices. For instance, Mike Thompson (D-CA), John Larson (D-CT) and Lauren Underwood (D-IL) have come up with a proposal, called the Gas Rebate Act of 2022.

Under the proposal, taxpayers living in areas with the average price per gallon over $4, would get a rebate of $100 per month, as well as $100 for each dependent. The payment would go to taxpayers earning less than $75,000 a year, while those making more than $80,000 would get a smaller amount. If the proposal is approved, eligible Americans would get the money every month that the price is over $4 until the end of the year.

Another similar proposal comes from Oregon Congressman Peter DeFazio, who has come up with the Stop Gas Price Gouging Tax and Rebate Act. The proposal seeks to impose a windfall profits tax on oil companies.

Democratic state lawmakers in California have also come up with a $400 gas rebate proposal for every taxpayer. The proposal plans to use the $9 billion of the state’s budget surplus to provide a rebate to residents.

Updated on

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