Since the United States Government started sending out stimulus check payments through the American Rescue Plan, thousands of citizens have gotten a great deal of financial help. Although it is true that nowadays stimulus checks are not exactly that, but another type of help, it is common to call them that way.
That is why we can say that in November we will get one of the new checks. At least, many Americans will get this payment before the end of 2023. This payment comes from the IRS and is related to the Adjusted Gross Income. By fulfilling some requirements we will be able to get the 4th stimulus check of the year.
Check very well all the mandatory requirements, since some of them include the need to have sent the Tax Return on time. Regardless of this stimulus check or any other financial help, it is mandatory to pay taxes on time. This will make life easier for taxpayers who can access financial help later.
WHO WILL GET THE NEW 4TH STIMULUS CHECK?
In order to collect this check, it is mandatory to meet the eligibility criteria. Thus, there are several groups that can get this payment. Thanks to the Economic Impact Payment program and the Adjusted Gross Income, many Americans will get these stimulus checks.
These are the Americans who can collect this payment from the IRS:
- Americans with an Adjusted Gross Income of $75,000 or less.
- Citizens who are heads of households with an Adjusted Gross Income of up to $112,500.
- Already married couples with an Adjusted Gross Income of $150,000 maximum.
- Any parent or guardian who has a dependent child eligible for the Child Tax Credit.
Still, these are not all Americans who can get one of these stimulus checks. Even past the Adjusted Gross Income limit we can still get one of these payments. However, we should note that we will get a smaller check. Each payment will have a $5 reduction for every $100 over the Adjusted Gross Income.
CAN I COMBINE THIS CHECK WITH SOCIAL SECURITY?
Americans who collect a Social Security benefit can collect all kinds of extra financial help. In this case, they can apply for a stimulus check without any problems. If they meet all the requirements, they can get the payment without any problems.
Also, not only old-age retirees are eligible for the check. Disability retirees may also apply for one of these benefits. In fact, it is quite possible that most retirees meet all the requirements to be eligible for this extra check.
The only thing to remember is that the minimum of $250 and the maximum of $3,200 will depend on monthly income. Likewise, it is also important to keep in mind that the payment may arrive as late as the end of the year, although the goal is for all stimulus checks to arrive in November.