Here’s Which States Received The Most From Recent $1,400 Stimulus Payments

Here’s Which States Received The Most From Recent $1,400 Stimulus Payments

Share to Linkedin Direct payments from the federal government to hundreds of millions of Americans to help offset the economic hardships caused by the coronavirus pandemic are widely credited with helping many households stay afloat, boosting consumer spending and setting the stage for a robust recovery“”here are the states that received the most money. California (the largest state by population) received the largest number of payments, at 18. 4 million, and the most money, at $43. 5 billion, according to data released Tuesday by the Internal Revenue Service. Texas and Florida came next, with 13. 7 million payments worth $34. 5 billion and 11. 5 million payments worth 26. 5 billion, respectively. Wyoming (the smallest state by population) also received the fewest payments: just 282, 000 worth $713 million. 163. 5 million. That's how many third-round stimulus checks the IRS has sent out, according to the data as of June 3. All those payments were worth nearly $390 billion. The third round of stimulus checks was authorized by the $1. 9 trillion American Rescue Plan signed into law by President Biden this March. Individuals earning less than $75, 000 (based on 2019 or 2020 income) were eligible for the full