Does everyone receive a stimulus check? This question 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, stimulus checks have become a vital source of financial support for millions. However, not everyone is eligible for these checks, and the eligibility criteria have been a subject of much debate and confusion.
The initial stimulus checks, authorized by the CARES Act in March 2020, aimed to provide direct financial assistance to American households. According to the provisions of the Act, eligible individuals received a one-time payment of $1,200, while married couples received $2,400, and eligible children received $500 each. However, the eligibility for these checks was not as straightforward as it might seem.
Eligibility Criteria for Stimulus Checks
To determine whether someone is eligible for a stimulus check, several factors are considered. First and foremost, individuals must be a U.S. citizen or resident alien with a valid Social Security number. Non-resident aliens and individuals with an ITIN (Individual Taxpayer Identification Number) are not eligible for the stimulus checks.
Furthermore, the amount of the stimulus check depends on the individual’s adjusted gross income (AGI). For individuals with an AGI of $75,000 or less, the full amount of the stimulus check is received. However, the amount is reduced by $5 for every $100 of income over $75,000. For married couples filing jointly, the phase-out threshold is $150,000, and for heads of household, it is $112,500.
Eligibility for Dependents and Other Special Cases
Another factor that affects eligibility is the status of dependents. Eligible children under the age of 17 are included in the calculation of the stimulus check, with an additional $500 for each qualifying child. However, individuals who are claimed as a dependent on someone else’s tax return are not eligible for a stimulus check.
Additionally, there are special cases that require attention. For example, individuals who are not required to file a tax return, such as some low-income individuals and non-filers, are still eligible for a stimulus check. The IRS has set up a non-filer tool to help these individuals receive their checks without filing a tax return.
Second and Third Stimulus Checks
The eligibility criteria for the second and third stimulus checks, authorized by the American Rescue Plan Act and the American Rescue Plan Act, have remained largely consistent with the initial stimulus checks. However, the amount of the checks has been adjusted, with the second stimulus check providing $1,400 to eligible individuals, and the third stimulus check providing $1,400 to eligible individuals as well.
Conclusion
In conclusion, while the idea of a stimulus check being received by everyone is appealing, the reality is that eligibility is determined by various factors, including citizenship, income, and filing status. Understanding these criteria is crucial for individuals to determine whether they are eligible for a stimulus check and to ensure they receive the financial support they need during these challenging times. As the government continues to implement relief measures, it is essential for individuals to stay informed about the eligibility requirements and take the necessary steps to secure their stimulus checks.
