The U.S. government has been sending stimulus checks to millions of Americans as part of trillion-dollar economic packages to deal with the disruption that the coronavirus pandemic has caused.
To get your stimulus money, you won’t have to fill out any forms or submit anything. They have tried to make it easy.
Stimulus Checks: Everything You Need To Know
In this article, we’ll discuss everything you need to know about stimulus payments.
If the IRS doesn’t have any banking information on you, they will mail out debit cards, called Economic Impact Payment (EIP) Cards. Scroll down to learn more about these stimulus debit cards.
The only way you won’t get a stimulus check if if you don’t have a Social Security number or you can be claimed as a dependent by someone else. Also, if you make more than $75,000, the check will begin to phase out.
In This Article:
- How To Get Your Stimulus Check
- What Is A Stimulus Check?
- How Much Is The Stimulus Check?
- When Is Your Stimulus Check Coming?
- Will You Get A Stimulus Check Debit Card?
- How To Avoid Stimulus Scams
How To Get Your Stimulus Check
Many people have lost their jobs and others have lost their health because of the deadly virus, so the money is very much needed. Here is everything you need to know about the stimulus check.
What Is A Stimulus Check?
A stimulus check is a government payment sent to taxpayers to stimulate the economy.
The idea behind stimulus checks is for consumerism to spark consumption and for dollars to make their way to businesses and companies.
Stimulus checks have been used before by the U.S. government to fuel economic growth.
How Much Is The Stimulus Check?
Each eligible American is generally set to receive $1,200 and $500 for each child under age 17. The money will be sent by the Internal Revenue Service (IRS).
Because it’s based on your IRS filing status, most Americans will get a $1,400 stimulus payment.
Here is what your finances need to be to get the third round of stimulus checks:
- Married couples who make less than $150,000 qualify.
- Head of households who make under $112,500 qualify.
- Single individuals who make less than $75,000 qualify.
When Is Your Stimulus Check Coming?
Stimulus checks started to be mailed in mid-March 2021 based on a schedule conceived by the Biden Administration. Here’s how to track it.
- If your stimulus check hasn’t come yet, check IRS website
- Your check may be delayed due to situations beyond the government’s control
- Here’s how to know when your stimulus check money is coming
If your direct deposit information is not on file with the IRS and you’re waiting on a paper check, it could take up to five months, according to one report.
Will You Get A Stimulus Check Debit Card?
As many as 4 million Americans will get stimulus check debit cards, called Economic Impact Payment (EIP) Cards. These people are the ones who don’t have banking information on file with the IRS.
That means the agency is unable to send your stimulus via direct deposit or check. Here are some things to know about your EIP card.
- You can use your EIP card anywhere Visa debit cards are accepted, including online and in-store.
- You can also get cash back at the register with PIN debit purchases at participating merchants
- If you have problems, you can call Customer Service at 1.800.240.8100 (TTY: 1.800.241.9100)
See the EIPcard.com website created by the Treasury for more information.
How To Avoid Stimulus Scams
There have already been some stimulus scams to pop up. The FBI is warning people to be on the lookout for criminals who are looking to pounce on the uninformed.
Here’s what you can be sure of:
- You won’t have to pay a fee to get a stimulus check
- No entity can “rush” your stimulus check, so don’t fall for it
- The government won’t ever call you and ask you for your personal information over the phone
Last Words
For people looking to bounce back after losing significant income, you may have some ideas on how to spend your stimulus check. Here are some great ways to put your stimulus check to good use.
Next: How To Track The Status Of Your Stimulus Check Money
Atlantafi.com is bringing you the latest on the coronavirus pandemic, which has the state of Georgia and the city of Atlanta under a state of emergency. More definitive advice on health, please visit CDC.gov. Here are some helpful links:
