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Social Security seniors: Is a 4th Stimulus Check possible?

Stimulus checks are very important for a large portion of Social Security beneficiaries who only receive retirement benefits

by Abraham Quirós Villalba
23/10/2022 12:00
in Money
New Stimulus check for Social Security seniors could be on the way

New Stimulus check for Social Security seniors could be on the way - CANVA

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In United States households, stimulus checks and Social Security benefits are very important. This is because many families live largely on this source of income alone. For that reason it is vitally important that a new 4th stimulus check may be on the way. Despite this, there is nothing certain about it, so right now we can only wait. However, there is positive news and the situation could emerge where this new stimulus check finally reaches American families. As time goes on we will see.

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With the whole situation coming from inflation, any economic benefit is little. That’s why stimulus checks of this kind, along with the Social Security benefit, are indispensable. The popular petition for this new stimulus check was born in Denver and the whole proposal comes from a restaurant owner. In the description of his petition created on change.org we can see that he writes “Our country is still deeply struggling.” With this he refers to that lack of stable economy that American homes suffer in recent years.

Whether due to pandemic, the invasion of Ukraine or any other reason, the truth is that Americans are not going through a very good time. At least a large part of American citizens. For that reason, it is essential to be able to collect a 4th stimulus check while also being able to claim Social Security retirement or disability benefits. These two elements combined could be of remarkable benefit to all American households.

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When will the next stimulus check be?

During 2022 we could see a new stimulus check before December. In theory, there are many experts who point out that the stimulus check could come very soon. On the other hand, what is certain is that a new tax-related stimulus check will be sent in New York State. This time, even Social Security recipients could collect it, although this is unusual.

Money from Stimulus checks is always welcome
Money from Stimulus checks is always welcome – CANVA

In order to get this stimulus check in New York you only need to have paid your taxes by April 2022. If you are eligible, you will automatically receive this stimulus check. The average stimulus check is $270, although it could be more or less. The final amount does not depend on your salary or Social Security, at least not directly. The money you receive from the stimulus check is directly related to the taxes you have paid.

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In addition, to obtain this check you will not have to do anything at all, as we have mentioned before. Just by having your taxes paid, you will automatically have the money to enjoy it together with your Social Security or your worker’s salary.

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