The IRS said it is disbursing another 1.1 million Economic Impact Payments in the eighth batch under the American Rescue Plan.
New Batch: The latest batch—which has a total value of more than $2 billion—began processing April 30 with an official payment date of May 5.
Total: The new batch brings the current round of EIPs to approximately 164 million payments worth roughly $386 billion. The IRS said it will continue making EIPs on a weekly basis.
Resources: More EIP information is available in FAQs from the IRS and ICBA and in the federal Get My Payment portal.
