Can I still receive a stimulus check? This is a question that many Americans are asking as the COVID-19 pandemic continues to impact the economy. Stimulus checks, also known as economic impact payments, were initially introduced by the government to provide financial relief to individuals and families during the crisis. With the possibility of additional rounds of stimulus checks, it’s important to understand the eligibility criteria and the process for receiving these payments.
The first round of stimulus checks was authorized by the CARES Act in March 2020. Individuals who had an adjusted gross income (AGI) of up to $75,000 for single filers, $112,500 for heads of household, and $150,000 for married couples filing jointly were eligible to receive a payment of $1,200. Additionally, qualifying children under the age of 17 were eligible for an additional $500 each.
Eligibility for subsequent stimulus checks has varied. The second round of checks, authorized by the Economic Aid to Families, Education, and Health (EACH) Act, provided eligible individuals with a payment of $600. This time, the income thresholds were adjusted, allowing single filers with an AGI of up to $87,000, heads of household with an AGI of up to $124,500, and married couples filing jointly with an AGI of up to $174,000 to receive the full amount.
For the third round of stimulus checks, which was part of the American Rescue Plan Act, the income thresholds were further expanded. Single filers with an AGI of up to $80,000, heads of household with an AGI of up to $120,000, and married couples filing jointly with an AGI of up to $160,000 were eligible to receive a payment of $1,400. Additionally, the government provided an additional $1,400 for each qualifying dependent, including adult dependents.
So, can I still receive a stimulus check? The answer depends on several factors. First, you must have a Social Security number and a valid bank account to receive the payment. If you haven’t already, you can update your payment information with the IRS through the Get My Payment tool on their website.
Second, you must meet the income requirements for the specific stimulus check you are applying for. If you are eligible, the IRS will automatically deposit the payment into your bank account. However, if you haven’t received your stimulus check, you can check the status of your payment using the Get My Payment tool or by contacting the IRS directly.
It’s also important to note that there may be additional rounds of stimulus checks in the future. The government has indicated that they are considering further relief measures to help Americans recover from the economic impact of the pandemic. As such, it’s essential to stay informed about any updates and changes to the stimulus check program.
In conclusion, if you are eligible and have provided the necessary information to the IRS, you can still receive a stimulus check. However, it’s crucial to monitor the latest developments and ensure that you meet the eligibility criteria for any future payments. By staying informed and proactive, you can secure the financial relief you need during these challenging times.
