Who is getting the stimulus check? This question has been on the minds of many Americans as the country continues to navigate the challenges posed by the COVID-19 pandemic. The government has implemented several stimulus packages to provide financial relief to individuals and businesses affected by the crisis. Understanding who qualifies for these checks is crucial for those seeking assistance during these unprecedented times.
The stimulus checks, officially known as Economic Impact Payments, were first introduced in March 2020 as part of the CARES Act. These payments were designed to provide direct financial assistance to eligible individuals and families to help offset the economic impact of the pandemic. The criteria for receiving these checks have been adjusted over time, with each stimulus package bringing new eligibility requirements and limitations.
Eligibility for the stimulus checks primarily revolves around the following factors:
1. Social Security Recipients: Individuals receiving Social Security benefits, including Supplemental Security Income (SSI) and Railroad Retirement benefits, are generally eligible for the stimulus checks. This includes those who are not required to file a tax return.
2. Tax Filers: Most individuals who filed a tax return for the previous year are eligible for the stimulus checks. This includes those who earned less than $75,000 as a single filer, $112,500 for head of household filers, and $150,000 for married couples filing jointly.
3. Non-Filers: The IRS has also provided a simplified process for non-filers, such as those who are not required to file a tax return due to low income. These individuals can register for the stimulus checks through the IRS’s Non-Filer Tool.
4. Dependent Children: Eligible dependents, including children under the age of 17, can receive a stimulus check on their behalf. This includes those claimed as dependents on a tax return.
However, there are certain limitations and exceptions to the eligibility criteria:
1. Income Limits: Individuals with adjusted gross income (AGI) above the specified thresholds are not eligible for the full stimulus check amount. The payment amount is reduced by $5 for every $100 of income over the threshold.
2. Married Filing Separately: Those who filed a married filing separately tax return are not eligible for the stimulus checks.
3. Deceased Individuals: Stimulus checks are not issued to deceased individuals, and any checks sent to a deceased person’s account must be returned to the IRS.
Understanding who is eligible for the stimulus checks is essential for individuals seeking financial relief during the COVID-19 pandemic. By familiarizing themselves with the eligibility criteria and limitations, individuals can ensure they receive the necessary assistance to navigate these challenging times.
