The COVID-19 pandemic has changed nearly every aspect of our lives. Many households in America have felt the economic downfall that was caused because of the pandemic. To relieve the situation, the government has launched the Economic Impact Payments program. If you need to know more about how to get your stimulus check, here it is:
IRS issued stimulus checks
A stimulus check is a payment, that is issued by the government. In the USA, eligible taxpayers are entitled to receive funds to relieve the economic stress that COVID-19 has caused. The purpose of the program is to infuse money into the market, by providing people with extra spending money.
As of today, there have been three stimulus checks:
First stimulus check – April 2020: people who earn $75,000 or less a year, or people with a joint income of $150,000 or less. Eligible dependents under the age of 16 received $500 each, and eligible tax-paying adults received up to $1,200.
Second stimulus check – December 2020-January 2021: eligible people received up to $600. Additionally, households with child dependents aged 16 or under received an extra $600. An annual salary of under $75,000 (for the year 2019) is awarded in a full stimulus check. Lower amounts were given to those with an annual income of $87,000 max.
Third stimulus check – March 2021: another round of stimulus checks began with President Biden’s entry into office. The third stimulus check was given to eligible adults; individual taxpayers received a check of up to $1,400. Couples that file taxes jointly were eligible for up to $2,800.
Fourth stimulus check: there are currently discussions of a fourth stimulus check. There is no due date for these checks, and it is unclear whether there will indeed be the fourth round of economic relief checks.
How to receive your stimulus check
The IRS has information about taxpayers in the country. So, in most cases – people received their checks automatically. However, there are individuals who have not received the money they deserve or have not gotten all their checks.
If you have not received relief funds, you can claim your checks. You can also convert the funds to a tax credit. However, you should first check if you are entitled to one or more stimulus checks.
To perform the search, you need to contact your state department of unclaimed property. You can also perform an online unclaimed money search on your state’s official website. The search requires you to provide your full name. The state directories perform the searches free of charge.
There is a great chance that you are owed national economic relief funds. You can perform a search for your stimulus check, and claim the money that you are entitled to. For additional information, go to stimuluscheck.io, and stay up to date on the latest news in the matter.
