20 States Prepare for 4th Stimulus Checks Distribution with Varying Eligibility Criteria
Varying Eligibility and Innovative Programs Shape 4th Stimulus Checks Distribution
According to source, nine of the 20 states, preparing to distribute a 4th stimulus check in November, have already launched their distributions via the Economic Impact Payments program, as disclosed by the Internal Revenue Service (IRS). The key criterion for eligibility for these 4th stimulus checks centers on Adjusted Gross Income (AGI). Those qualified for the complete 4th stimulus check encompass individuals with an AGI of up to $75,000, heads of household with an AGI of up to $112,500, married couples filing jointly with an AGI of up to $150,000, and parents or guardians claiming children as dependents, eligible for the child tax credit.
For individuals with earnings surpassing the predetermined thresholds, there’s still a possibility to be eligible for partial 4th stimulus checks. Nevertheless, the highest amount will reduce by $5 for every $100 that their AGI exceeds the peak limit.
Furthermore, certain states are rolling out 4th stimulus checks for specific groups. As an example, Arizona’s Return to Work Program introduces economic incentives for individuals who acquire new jobs, but the condition is to keep those positions for at least eight weeks to obtain 4th stimulus payments.
Innovative State Programs Extend 4th Stimulus Checks to Diverse Populations
In a similar vein, New York has instituted the Excluded Workers Fund, designed to offer unemployment payments to those who lost their jobs during the COVID-19 pandemic and don’t meet the requirements for other stimulus programs.
Meanwhile, Maryland is disbursing 4th stimulus checks to anyone who has submitted their application for the 2019 Earned Income Tax Credit. Additionally, states such as Florida, Georgia, Michigan, Tennessee, and Texas are gearing up to provide a 4th stimulus checks specifically targeted at teachers. These programs and initiatives are intended to provide support to diverse segments of the population as part of the ongoing economic recovery efforts.