The United States government, under the administration of President Joe Biden, continues to provide support to citizens facing economic hardship due to the Covid-19 pandemic.
Through the American Rescue Plan Act, those who have not yet claimed their $1,400 stimulus check have one last chance to do so.
This stimulus check, officially known as the Recovery Rebate Credit, is available to be claimed until April 18, 2025.
To access this benefit, citizens must have filed a 2021 tax return with the Internal Revenue Service (IRS) and meet certain eligibility requirements.
What are the requirements to claim the stimulus check?
To qualify for this latest payment, it is essential that applicants have filed their 2021 tax return. Additionally, they must meet the following income limits:
- Individual income: Adjusted gross income (AGI) must not exceed $75,000.
- Joint declaration: Married couples filing jointly must have an AGI of up to $150,000.
- Head of household: For those filing as head of household, the limit is $112,500.
It is important to note that the maximum income allowed to receive a reduced amount of the stimulus is $80,000 for individuals, $160,000 for married couples filing jointly, and $120,000 for heads of household. These limits are based on income for the year 2020.
Who can receive the stimulus check?
Any member of a family with a Social Security number, including dependents, is eligible for this third stimulus check. As long as they are U.S. citizens, legal residents, or foreigners with a green card.
However, a person cannot claim this check for themselves if they have been claimed as a dependent on someone else’s tax return. However, it is permissible to file a claim on behalf of someone who died after January 1, 2021.
Those interested in applying for this benefit can do so online through the GetYourRefund.org website until October 1, 2024. This platform allows citizens to begin the process of claiming their stimulus check.
The economic impact of Covid-19 and government aid
The economic impact of the Covid-19 pandemic has been devastating, leading to mass lockdowns and paralysing the global economy between 2020 and 2021.
To mitigate these effects, the US government implemented a series of economic stimulus payments to support citizens. Of these, two rounds of payments have already been distributed.
However, this third round is still available for those who meet the requirements and act within the established deadlines.
President Biden’s continued efforts to help Americans recover economically have been key to addressing inflation and financial challenges that arose during and after the pandemic.
This latest stimulus check represents another opportunity for those who still need financial support during these difficult times.
It is crucial that those who are eligible do not miss this opportunity. They must file their claim on time to ensure they receive the benefit to which they are entitled.
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