After months of uncertainty, the Biden Administration has approved a third stimulus check for Americans hit hard by the coronavirus pandemic.

With unemployment set to expire for millions of people, it’s clear that Americans still need additional coronavirus relief. But you may be wondering if you qualify for stimulus payments.

Stimulus Check 101: 5 Things You Need To Know

This article is going to tell you who is eligible for the second stimulus check, which is expected to be rolled out later this year.

1. What’s Included In Second Stimulus Check?

Here is what Senate Republicans have included in the second stimulus check, which is part of the Cares Act 2. The following benefits have been finalized:

The new legislation gives $600 to most eligible Americans. Congress is specifically looking to help lower-income Americans who make less than $40,000 a year.

2. When Will I Get My $1.400 Stimulus Check?

The Treasury Department and IRS started sending stimulus money to Americans on December 29, 2020. In the best circumstances, it could have taken a day or two or up to two weeks to get your payments.

The IRS says there’s been a delay due to them sending the checks out to old account numbers and other technical problems. The agency says it should all be fixed now.

3. Who Qualifies For Third Stimulus Check?

Here’s who is eligible for the third stimulus check

  • A third $1,400 payment would go to each eligible U.S. citizen who earns less than $75,000 a year ($150,000 for couples who file taxes jointly).
  • Dependents could qualify for a second $1,400 stimulus payment, which doubles what they could receive in the first stimulus package.

4. How Will My Stimulus Check Come?

Your stimulus check will come in either of three forms: a paper check, via direct deposit or on a prepaid Economic Impact Payments (EIPs) card.

The IRS says EIP cards are being sent to Americans via mail.

5. Can I Track My Stimulus Check?

Like the last stimulus, you can track our stimulus. pretty easily. Although, the IRS has stated that they’ve had some technical issues on their website, it should work if you keep checking.

Here are two ways to track your stimulus money:

Last Words

It may take some time, but you should do all you can to get your money. After all, as a hard-working taxpayer, you’re entitled to get what’s yours.

And don’t forget to check for other avenues that may have hidden money and property for you. At AtlantaFi.com, we make it easy for you.

Here are some forgiveable loans and grants your small business can apply for.

Interested in other ways to save or make money? Check out our Money Section:

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