Who will get stimulus checks? This is a question that has been on the minds of many Americans as the country continues to grapple with the economic impact of the COVID-19 pandemic. With the government implementing various relief measures, including stimulus checks, it is crucial to understand who qualifies for these financial lifelines.
The first round of stimulus checks, known as Economic Impact Payments, was authorized by the CARES Act in March 2020. These checks were designed to provide direct financial assistance to individuals and families affected by the pandemic. The eligibility criteria for these checks were relatively straightforward, focusing on individuals who had a Social Security number and were not incarcerated.
Eligibility for stimulus checks primarily revolves around three main factors: age, income, and filing status. Individuals who were at least 18 years old and had an adjusted gross income (AGI) of $75,000 or less for single filers, $112,500 for heads of household, and $150,000 for married couples filing jointly were eligible to receive the full amount of the stimulus check. The amount received was based on the number of qualifying dependents, with an additional $500 for each dependent under the age of 17.
However, the eligibility criteria were subject to certain adjustments. For individuals with an AGI above the specified thresholds, the stimulus check amount was reduced by $5 for every $100 of income over the limit. This meant that individuals with an AGI of $99,000 or less for single filers, $146,500 for heads of household, and $198,000 for married couples filing jointly would still receive a partial stimulus check.
Another important aspect to consider is the filing status. Stimulus checks were initially distributed based on the most recent tax return filed. This meant that individuals who had not filed a tax return for the previous year or had a low income were not automatically included in the initial distribution. However, the IRS later expanded eligibility to include those who did not file a tax return, as well as individuals who were not required to file a tax return due to low income.
Additionally, the eligibility for stimulus checks was also extended to non-U.S. citizens who were eligible for Social Security benefits or were married to a U.S. citizen. This decision aimed to provide financial support to those who were affected by the pandemic but may not have been eligible under the initial criteria.
As the pandemic continues to evolve, the government has announced further rounds of stimulus checks. The second and third rounds of stimulus checks were authorized under the Consolidated Appropriations Act of 2021 and the American Rescue Plan Act, respectively. The eligibility criteria for these checks remained largely the same, with some adjustments to account for changes in income and filing status.
In conclusion, determining who will get stimulus checks involves considering factors such as age, income, filing status, and dependency. While the eligibility criteria have been designed to provide financial assistance to as many Americans as possible, it is essential for individuals to stay informed about the latest updates and guidelines to ensure they receive the necessary support during these challenging times.
