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As some welcome relief for seniors, many states have approved a new round of stimulus checks to help people get by financially during the current economic downturn. The Social Security Expansion Act is the main idea. It would give an extra $200 a month to people who already get Social Security payments or who will be close to 62 years old in 2023.
(Photo: BGR)
These stimulus checks will be given to seniors, people with disabilities, and families with low incomes. Each state will set its own requirements for who can get them. Veterans, people aged 65 or older, and people already getting social benefits are automatically eligible for this cash boost. They don’t need to do anything else to get their stimulus payment.
To get the help, families must meet certain income requirements. The maximum adjusted gross income (AGI) for people is $75,000, for married couples filing jointly it is $150,000, and for heads of households it is $112,000.
In addition, the Fourth Stimulus Check does not just look at standard skills. Anyone in the family with a Social Security number (SSN) can now apply, which could help more people get cash help. If both parents have Individual Taxpayer Identification Numbers (ITINs), their children can qualify even if one person is not qualified if they have an SSN.
Aside from the government effort, a number of states have also approved extra aid to meet particular needs that have come up since the pandemic. Arizona, for example, is going to give people who are going back to work after the COVID-19 outbreak a yearly grant of $2,000. People in California who make less than $75,000 a year will get one-time checks running from $600 to $1,200.
Other states, like Colorado, Maine, Maryland, Missouri, New Mexico, New York, and Vermont, have come up with their own ways to help different groups, like mental health workers, people who live in nursing homes or prisons, and low-income people who aren’t eligible for federal relief programs.
As the country works to get its economy back on track, these tailored stimulus efforts aim to give much-needed money to those who need it most, with a focus on older people who are having a hard time in the post-pandemic age.
