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Tag: Stimulus – English

  • IRS Stimulus Payment: Here are the taxpayers who cannot apply for this $1,400 check

    IRS Stimulus Payment: Here are the taxpayers who cannot apply for this $1,400 check

    The Internal Revenue Service (IRS) determined last December to issue automatic payments to eligible taxpayers who did not claim the Recovery Rebate Credit on their 2021 tax returns

    This “payment” is a recovery rebate credit for those who did not receive one or more Economic Impact Payments, or stimulus payments, issued to most Americans during the covid-19 pandemic.

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    How do I know if I am eligible?

    It is important to note that the check is intended for those who in their return for the year in question were eligible for it, but left the Recovery Rebate Credit field blank or filled it in with ‘$0’.

    If you are aware that you did not receive one or more economic impact payments, it is also very important to make it clear that you can still apply for the Refund Credit, even if you did not file your 2021 tax return. You just have to do it before April 15.

    It is therefore clear that if you received Economic Impact Payments during the covid-19 pandemic or if you have already applied for and received a check for this concept, you are no longer eligible to receive the check, whose maximum amount can reach $1,400 dollars.

    How do I receive my check and what do I have to do?

    Such payments are sent automatically by the IRS to all those who meet the eligibility criteria, so no action is required. If you are eligible, you will be notified by regular mail by means of a letter in which the payment and the form of payment are detailed, either by deposit or check.



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  • $725 Stimulus Payment Eligibility: Who Will Receive the February 2025 Deposit This Week?

    $725 Stimulus Payment Eligibility: Who Will Receive the February 2025 Deposit This Week?

    In California, as in the rest of the states of the United States, the needs of families in precarious situations are largely met by government aid. One of the most popular at present is the one given in Sacramento County with the stimulus checks from the Family Financial Support Pilot Program (FFESP), which involves monthly payments of $725.

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    The program is being tested for a one-year period, from December 15, 2024, to November 15, 2025, so eligible households are already looking forward to these resources in the face of rising inflation and the cost of living in general.Eligibility for the FFESP depends on family size and income, so eligible households can receive up to $725 in this third month of payment into accounts linked to their tax returns.

    Who will receive the $725 stimulus payment in February?

    According to the Sacramento government, families living in the following zip codes: 95815, 95821, 95823, 95825, 95828 and 95838, will be eligible to receive this $725 stimulus check in February 2025.

    The program seeks to prioritize African American and Native American families residing in designated zip codes.

    How do I know if I’m eligible for FFESP?

    These are the requirements to be eligible for payment under the Sacramento, California Family Financial Support Pilot Program:

    • Have at least one child under the age of five and live in certain Sacramento zip codes with a household income at or below 200% of the FPL.
    • Demonstrate that you are a resident and that the income levels of the parents or guardians are within the specified range
    • Demonstrating eligibility for the next round of applications is now closed, there may be further opportunities in the future.
    • Not participate in any other program that offers guaranteed income.



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  • $725 February stimulus payment: When will this month's check be sent to California beneficiaries?

    $725 February stimulus payment: When will this month's check be sent to California beneficiaries?

    Due to the rising cost of living and inflation, many low- and middle-income American families rely on economic stimulus programs, and one of these programs was launched in California in late December, so the third payment is expected to be distributed this month.

    A total of 200 households are among those benefiting from the Sacramento Family First (FFESP) pilot program, which aims to improve the well-being of children in eligible families and reduce economic inequality. The program offers a direct monthly payment of $725 for one year, which began on December 15, 2024, and will end on November 15, 2025.

    Stimulus check: Who is eligible to receive a payment of $600 in February?

    This Saturday, February 15, the third payment is scheduled for beneficiaries, who will receive the support through a direct deposit to the bank accounts associated with their tax returns.

    How to be eligible for Sacramento Family First?

    Although the 200 families have already been selected for Sacramento Family First, if the pilot program is successful, it is likely to continue next year and the Sacramento Department of Child, Family and Adult Services indicates that the main requirement to receive this stimulus check is to reside in specific zip codes: 95815, 95821, 95823, 95825, 95828 and 95838.

    In addition, families must have a household income at or below 200% of the Federal Poverty Level (FPL), and have at least one child under the age of five, and cannot participate in other guaranteed income programs.

    These are the steps to follow to be eligible for the $725 stimulus check:

    Eligibility: Residents of specific zip codes in Sacramento with a household income at or below 200% of the FPL and at least one child under the age of 5.

    Payment amount: $725 per month for a year via a stimulus check

    Application period: While the initial application period has closed, future opportunities may arise.

    Additional requirements: You cannot be participating in other guaranteed income programs.



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  • Who will receive their $725 stimulus payment this weekend in California?

    Who will receive their $725 stimulus payment this weekend in California?

    The government of California is taking significant steps to support its residents by launching the Family First Economic Support Pilot Program (FFESP), which will provide eligible families in Sacramento, the southwestern US state’s capital, with monthly stimulus checks of $725 dollars.

    This initiative is designed to help low-income households manage rising costs and ensure financial relief for vulnerable Californians, particularly those with young children living in Sacramento County.

    A household eligible for the FFESP benefit must be below 200% of the federal poverty threshold. The family’s annual income includes members’ wages and 200% of the FPL depends on family size to define the limit.

    Applicants can check the FPL limit for the program below:

    • For two members of the family (one adult and one child), the limit is $40,880.
    • For 3 members (2 adults and 1 child/1 adult or 2 children), the limit is $51,640
    • For 4 members, the limit is $62,400
    • For 5 members, the limit is $73,160
    • For 6 members, the limit is $83,920
    • For 7 members, the limit is $94,680
    • For 8 members, the limit is $105,440
    • For more than 8 members, you must add $10,760 per person to the limit to determine the value.

    Who will receive their stimulus payment this weekend?

    To be eligible for the payments, candidates must have children under the age of five or live in one of the following zip codes:

    • Valle Alto and Florin (95823 and 95828)
    • North Sacramento (95815)
    • Altos del Paso (95838)
    • Arden Gallery (95821)

    The FFESP program payment, which is around $725 per month, will begin to be distributed this weekend.

    Qualified families will receive this monthly payment for the next 12 months through direct deposits into their bank accounts.

    Authorities have yet to release the specific dates on which they will receive the benefits, but are expected to do so by this weekend at the latest.



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  • 1400 Stimulus Payment 2024: When is the last day to claim the COVID era checks?

    1400 Stimulus Payment 2024: When is the last day to claim the COVID era checks?

    Eligible United States citizens can claim $1400 as part of the final stimulus check from the Covid-19 era as President Joe Biden’s government bids to combat rising prices and inflation caused by the pandemic in 2024 through the American Rescue Plan Act.

    Covid-19 thrust the world into multiple lockdowns between 2020 and 2021 and devastated global economics as trade ground to a halt with much of the population placed on furlough leave, with the United States aiming to support income through stimulus checks.

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    Two checks have came and gone but the third is still available for Americans to claim until April 18, 2025 as long as they file a 2021 tax return with the Internal Revenue Service and meet other qualifying criteria.

    What is the qualifying criteria?

    Officially called the Recovery Rebate Credit, the $1400 works as a tax credit and people can begin to file online at GetYourRefund.org through to Tuesday, October 1, 2024 and here’s the eligibility criteria to claim.

    As aforementioned, a 2021 tax return must be filed with the IRS. Additionally, households must not have an adjusted gross income (AGI) of above $75,000 as an individual filer, $150,000 if filing jointly or $112,500 if you are the head of the household.

    Maximum income limits have been set at $80,000 for individuals, $160,000 for married couples filing together and $120,000 for the house of the household. They are based on the 2020 incomes.

    Any family member with a Social Security number, or a dependent, can qualify for the third stimulus check as well as being a valid United States citizen or a legal and permitted resident or alien.

    Finally, a person cannot be claimed as a dependent on someone else’s tax return in order to claim the third stimulus check for themselves, but you can file a claim on behalf of someone who died no earlier than January 1, 2021.



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  • 1312 Stimulus Payment Claim: How to get this month's PFD if you are eligible?

    1312 Stimulus Payment Claim: How to get this month's PFD if you are eligible?

    Alaska’s Permanent Fund Dividend aims to provide citizens with a share of the natural riches of the state and works by an annual payment which will run in 2024 too, but how can you claim if you are eligible?

    The PFD is an annual payment to residents from the sovereign wealth fund, established some 48 years ago in 1976 to ensure citizens aren’t losing out on the state’s natural wealth.

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    The fund invests oil revenues and other mineral lease rentals to generate income and each year, eligible Alaskans receive a portion of the earnings, typically ranging from $1,000 to $2,000 per person.

    The PFD aims to distribute the state’s natural resource wealth directly to its citizens, promoting shared prosperity and economic stability. It’s a unique program in the United States, reflecting Alaska’s approach to managing its natural resource wealth.

    In 2024 that amounts to a $1312 stimulus check to all qualifying citizens which will be paid on August 15 – provided that applicants had sent off their documents prior to August 7.

    Eligible citizens must have lived in Alaska for the entirety of 2023 and intend to remain as a resident indefinitely on the date they applied to the 2024 PFD fund.

    They must not have applied for or received residency in any other state or country since December 31, 2022, and must not have been convicted of a felony during 2023, nor spent time incarcerated.

    How important is oil to Alaska?

    Oil has historically been a significant contributor to Alaska’s economy, accounting for over 85% of the state’s revenue at its peak. It by far dominated other areas of the economy such as fishing, tourism and timber and metal mining

    Yet in recent years, however, this percentage has declined due to falling oil prices and production. In 2022, the state’s revenue from oil and gas production was approximately $3.9 billion including taxes, royalties, and lease payments from oil companies.

    Despite the decline, oil remains a critical economic driver, funding public services, infrastructure, but Alaska faces challenges in maintaining this revenue stream as global energy markets and production costs evolve.



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  • 1400 Stimulus Payment Eligibility: Who is eligible to still claim this COVID-era payment?

    1400 Stimulus Payment Eligibility: Who is eligible to still claim this COVID-era payment?

    Americans can claim their final stimulus check from the Covid-19 era until 2025 but how do you know if you’re eligible to claim the final payout from the pandemic era, which was officially ended by the WHO in 2023?

    The disease has claimed an estimated 33.5m lives from 2020-present, although official statistics say it’s only seven million, by impacting the respiratory system and proved to be especially lethal to the immunocompromised and elderly.

    It also ravaged the global economy by forcing nations across the world into lockdown by causing hyperinflation and unemployment so as a result, the federal government attempted to help struggling citizens with financial aid.

    This was done through a series of stimulus checks which could be claimed based on eligibility and appropriately filed taxes with the Internal Revenue Service and proved to be vital relief through two instalments.

    What are the eligibility requirements?

    The third is still up for grabs until April 2025, and here is how you can be sure if you’re eligible to claim and how to do it. The third stimulus check is worth up to a massive $1400 and could be a huge boost to moderate-to-low-income households.

    To qualify, claimants must have an adjusted gross income of no more than $75,000 as a single-filer, $150,000 for joint-filers or $112,500 for the head of the household and you cannot be claimed as a dependent on someone else tax return.

    As well as being a legal citizen or resident of the United States, or possessing a Social Security number, the tax return in question must be from 2021, no later.

    The checks are due to begin being rolled out on Monday, September 2, 2024 which is also known as Labor Day, marked by celebrations and festivals around the United States.



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  • Stimulus Payment Verification: How to know if you'll get a new payment and how to track it?

    Stimulus Payment Verification: How to know if you'll get a new payment and how to track it?

    The Economic Impact Payments (EIP) were introduced in response to the COVID pandemic, with The Treasury Department, the Bureau of the Fiscal Service, and the Internal Revenue Service sending out three rounds of payments in a bid to curb the impact of the pandemic.

    The third round of those payments continue to go out to Americans across the country, and payments worth up to $1,200 are being made, as was the case in the previous two rounds.

    Stimulus check: Who is eligible to receive a payment of $600 in February?

    For individuals with adjusted gross income of more than $75,000 or combined earnings of more than $150,000 for married couples submitting joint returns, the payments are reduced, while families of four could be eligible for payments worth up to $3,400.

    Here we take you through how to check whether you are eligible or due a payment

    How to check payments and eligibility

    To check the status of your Economic Impact Payment, you need to access your online account. The ‘Get My Payment’ page is no longer accepting applications.

    If you were eligible for a payment in 2020 or 2021 but did not receive it, all information is available through the IRS’ ‘Recovery Rebate Credit’ page.

    Claims for both years will need to be made through tax returns, and the IRS web page provides all of the different links with information for the relevant year.

    Tax refunds

    People who pay too much tax are eligible for refundable credit. If you e-file your return, you can usually see your refund status after about 48 hours with Where’s My Refund? This service can be used for the current year and the previous two years.

    Keep in mind that amended returns can take up to three weeks to update online and up to 16 weeks to process.

    The timing of refunds depends on a number of things, but it can take up to 21 days for an e-filed return, four weeks or more for amended returns and returns sent by mail and longer if your return needs corrections or extra review.

    Refunds can be made by direct deposit, paper check, prepaid debit card, mobile payment apps or U.S. Savings Bonds.



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  • 1312 Stimulus Payment Claim: How can you claim this payment coming in July?

    1312 Stimulus Payment Claim: How can you claim this payment coming in July?

    Alaska residents have the chance to receive up to $1,312 from the Permanent Fund Dividend (PFD) program for eligible participants. Those with an “Eligible-Not Paid” status will receive their payments in 2024, providing a financial boost to many in the state.

    The PFD program started disbursing payments in October 2023, following the completion of electronic applications. The Alaska Department of Revenue continues to distribute these funds, either via mail or direct deposit, as part of its efforts to stimulate the state’s economy.

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    Applicants with an “Eligible-Not Paid” status as of July 10, 2024, can expect their payment by July 18. Those who reached this status by June 12, 2024, received their payments on June 20. The final group, with an “Eligible-Not Paid” status by August 7, will get their payments on August 15.

    Applicants can monitor their status online through the myPFD portal on the PFD Alaska website. They can update their address digitally or submit a printed form to an Alaska government office if needed.

    Genevieve Wojtusik, the Division Director, emphasized the Permanent Fund Dividend Division’s commitment to ensuring all eligible Alaskans receive their dividends on time.

    “Our mission is to administer the permanent fund dividend program assuring that all eligible Alaskans receive timely dividends, fraud is prosecuted, and all internal and external stakeholders are treated with respect,” Wojtusik said.

    How can you claim this payment coming in July?

    The deadline to apply for the Permanent Fund Dividend (PFD) is March 31 of the application year. Exceptions exist for certain circumstances, such as applicants who are disabled, filing on behalf of a deceased individual, or military personnel receiving hostile fire or imminent danger pay during the application period.

    From January 1 to March 31, you can begin the application process by visiting the official homepage and selecting “CLICK HERE TO FILE YOUR ONLINE APPLICATION.”

    You have several options to choose from: use your existing myAlaska username, create a new myAlaska account, or print, sign, and submit a paper signature page. Follow the instructions provided for your chosen method. Your application is officially received once it is assigned a Confirmation Number.



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  • 1312 Stimulus Payment Schedule: Who will be getting this payment in a couple of days?

    1312 Stimulus Payment Schedule: Who will be getting this payment in a couple of days?

    Residents of Alaska can get their hands on up to $1312 dollars from the Permanent Fund Dividend (PDF) for eligible participants, with those still holding an “Eligible-Not Paid” still due to receive their boost in 2024.

    Payments for the program began back in October 2023 upon the conclusion of electronic PDF applications and has continued through to the present day as the Department of Revenue bids to stimulate economic activity in the USA‘s largest state, with checks being distributed via mail or direct deposit.

    2023 PFD applications with an “Eligible-Not Paid” status no later than Wednesday, July 10, 2024 will expect to get their payment on Thursday, July 18.

    Whilst an “Eligible-Not Paid” status before, or on, June 12, 2024 were to be distributed on June 20. The final category of “Eligible-Not Paid” no later than August 7 is expected to be handed out on August 15.

    The application status can be viewed online by visiting PFD Alaska through the myPFD portal. Ensure your address is on the application. If it is not, then you can digitally update it or print off a form and hand it to one of Alaska’s government offices.

    Permanent Fund Dividend Division promises to, “administer the permanent fund dividend program assuring that all eligible Alaskans receive timely dividends, fraud is prosecuted, and all internal and external stakeholders are treated with respect,” according to the Division Director, Genevieve Wojtusik.

    Why do we have Stimulus?

    In economics, a stimulus refers to actions taken by governments or central banks to encourage economic activity, particularly during periods of economic downturn or recession and the primary goal of these measures is to boost aggregate demand, which is the total demand for goods and services within an economy, thereby stimulating production, creating jobs, and fostering economic growth.

    Economic stimuli are crucial for mitigating the effects of recessions and economic slowdowns. During such periods, consumer confidence often wanes, leading to decreased spending and investment. This reduction in economic activity can result in higher unemployment and lower income levels, further exacerbating the downturn.

    By introducing stimulus measures, governments and central banks aim to inject liquidity into the economy, encouraging spending and investment. For instance, tax cuts increase disposable income for households, prompting higher consumption, while government spending on infrastructure projects can create jobs and stimulate related industries.



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