Finance

60,000 stimulus checks sent to dead people are returned, Treasury says

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Douglas Sacha | Moment | Getty Images

Almost 60,000 stimulus checks sent to deceased individuals have been returned voluntarily, according to a Treasury Department report issued Thursday. The funds sent back totaled $72 million.

The $1,200 economic impact payments were issued to households as part of the CARES Act pandemic relief law passed in March 2020. The IRS issued roughly 168 million checks totaling $280 billion by year-end.

However, the federal government sent nearly 4.5 million payments to individuals who potentially didn’t qualify for the aid, according to the Treasury report.

More from Personal Finance:
New round of $1,400 stimulus checks brings total sent to about $391 billion



Source cnbc.com

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