Qualifications for the Third Stimulus Payment
The American Rescue Plan Act of 2021, signed into law on March 11, 2021, authorized a third round of stimulus payments to eligible individuals and families. The payments, which range from $1,400 to $2,800 per person, are intended to provide financial relief during the ongoing COVID-19 pandemic.
Who is Eligible?
- U.S. citizens or resident aliens with a valid Social Security number.
- Individuals who can be claimed as dependents on someone else’s tax return are not eligible for the full amount of the stimulus payment.
- The amount of the stimulus payment is based on the individual’s adjusted gross income (AGI) on their 2019 or 2020 tax return. Single filers with AGIs below $75,000 and joint filers with AGIs below $150,000 will receive the full amount of the stimulus payment.
- The stimulus payment amount is gradually reduced for individuals with AGIs between $75,000 and $80,000 (single filers) or between $150,000 and $160,000 (joint filers).
- Individuals with AGIs above $80,000 (single filers) or $160,000 (joint filers) are not eligible for the stimulus payment.
When Will the Stimulus Payments Be Issued?
The IRS began issuing the third round of stimulus payments on March 17, 2021. The payments are being distributed in the same manner as the previous two rounds of stimulus payments, meaning that most people will receive their payment by direct deposit. However, some people may receive their payment by mail in the form of a check or debit card.
The IRS has stated that it expects to issue most of the stimulus payments by the end of April 2021. However, it is possible that some people may not receive their payment until later in the year. The IRS has a tool available on its website that allows you to check the status of your stimulus payment.
What if I Haven’t Received My Stimulus Payment?
If you haven’t received your stimulus payment by the end of April 2021, you should contact the IRS. You can call the IRS at 1-800-829-1040 or visit the IRS website for more information. You may also be able to track the status of your stimulus payment online.
How Can I Get More Information about the Third Stimulus Payment?
You can find more information about the third stimulus payment on the IRS website. The IRS has a number of resources available, including frequently asked questions, a stimulus payment calculator, and a tool that allows you to check the status of your payment.
| Income Range | Stimulus Payment Amount |
|---|---|
| $0-$75,000 (single filers) $0-$150,000 (joint filers) |
$1,400 per person |
| $75,000-$80,000 (single filers) $150,000-$160,000 (joint filers) |
Reduced amount |
| Above $80,000 (single filers) Above $160,000 (joint filers) |
Not eligible |
Medicaid and Stimulus Checks: Addressing Common Questions
With the recent economic challenges and government initiatives, questions about the distribution of stimulus checks and their availability to Medicaid recipients have arisen. This article aims to clarify this topic and provide essential information.
Eligibility for stimulus checks is mainly determined by an individual’s income, filing status, and other factors set by the government. While Medicaid is a healthcare program, it does not directly impact stimulus check eligibility.
- Income Level: Individuals with income below certain thresholds are eligible for stimulus checks.
- Tax Filing Status: Individuals who have filed tax returns and meet the income requirements can receive stimulus checks.
- Dependents: Individuals can claim dependents to increase their stimulus check amount.
- Social Security Benefits: Social Security recipients may receive stimulus checks if they meet the income and filing status criteria.
- Non-Filers: Individuals who do not typically file tax returns may be eligible for stimulus checks through special provisions.
- Direct Deposit: Stimulus checks are often distributed electronically via direct deposit into bank accounts.
- Paper Checks: Individuals who do not have bank accounts or prefer paper checks may receive their stimulus checks by mail.
- E.I.P. Cards: The government may issue Economic Impact Payment (E.I.P.) cards to individuals who do not have bank accounts or have difficulty accessing direct deposit.
- Direct Deposit: Stimulus checks are often distributed electronically via direct deposit into bank accounts.
- Paper Checks: Individuals who do not have bank accounts or prefer paper checks may receive their stimulus checks by mail.
- E.I.P. Cards: The government may issue Economic Impact Payment (E.I.P.) cards to individuals who do not have bank accounts or have difficulty accessing direct deposit.
| Filing Status | AGI Limit for Full Stimulus Check | AGI Limit for Reduced Stimulus Check |
|---|---|---|
| Single | $75,000 | $80,000 |
| Married Filing Jointly | $150,000 | $160,000 |
| Married Filing Separately | $75,000 | $80,000 |
| Head of Household | $112,500 | $120,000 |
Medicaid status does not directly determine eligibility for stimulus checks. Individuals should refer to the government’s guidelines and check their eligibility based on their income, filing status, and other relevant factors. It’s essential to stay informed about the latest updates and provisions regarding stimulus checks to ensure timely access to this financial assistance.
Can Medicaid Recipients Receive Stimulus Checks?
Despite not paying federal income tax, many Medicaid recipients still qualify for stimulus checks. Read on to determine if you qualify as a recipient of Medicaid and stimulus checks and how to file for this benefit if eligible.
Eligibility Requirements for Stimulus Checks
To receive a stimulus check, you must meet the following criteria:
- Be a U.S. citizen or resident alien
- Have a valid Social Security number
- Not be claimed as a dependent on someone else’s tax return
- Meet income requirements:
- $75,000 yearly for individuals
- $150,000 yearly for married couples filing jointly
Individuals who qualify based on income will receive a full $1,200 stimulus check. Payments are reduced for those with higher incomes, with the benefit phasing out completely for individuals earning over $99,000 and married couples earning over $198,000.
| Filing Status | Income Threshold |
|---|---|
| Single | $75,000 |
| Married Filing Jointly | $150,000 |
| Married Filing Separately | $75,000 |
| Head of Household | $112,500 |
Medicaid is a government-sponsored health insurance program that provides coverage to low-income individuals and families. Because Medicaid recipients generally do not file tax returns, the IRS relies on information from the Social Security Administration (SSA) to determine eligibility for stimulus checks.
If you receive Supplemental Security Income (SSI) benefits from the SSA, you will automatically receive a stimulus check. The SSA will use the direct deposit information it has on file or mail you a check.
If you do not receive SSI benefits, you can still file for a stimulus check by using the IRS’s Non-Filers: Enter Payment Info Here tool. You will need to provide your Social Security number, date of birth, mailing address, bank account information, and driver’s license or state-issued ID number.
The American Rescue Plan Act of 2021
The American Rescue Plan Act of 2021 is a $1.9 trillion economic stimulus bill that was signed into law on March 11, 2021. The bill includes a number of provisions to help individuals and families who are struggling financially due to the COVID-19 pandemic, including direct payments to most Americans, expanded unemployment benefits, and increased funding for food assistance programs.
Direct Payments
- The American Rescue Plan Act provides for a third round of direct payments to most Americans.
- The amount of the payment is based on the taxpayer’s income for the 2019 or 2020 tax year.
- Individuals who earn $75,000 or less ($150,000 for married couples) will receive a full payment of $1,400.
- The amount of the payment is reduced for higher income earners.
- Payments will be made by direct deposit, paper check, or EIP Card.
Expanded Unemployment Benefits
- The American Rescue Plan Act extends the federal unemployment insurance program through September 6, 2021.
- The program provides an additional $300 per week in unemployment benefits.
- The program also includes a new mixed-earner unemployment compensation program for workers who have both W-2 wages and self-employment income.
Increased Funding for Food Assistance Programs
The American Rescue Plan Act includes $12 billion in additional funding for the Supplemental Nutrition Assistance Program (SNAP), also known as food stamps. The funding will increase the maximum SNAP benefit by 15% for the next six months.
The bill also provides $1 billion in additional funding for The Emergency Food Assistance Program (TEFAP). TEFAP provides food assistance to low-income individuals and families through food banks and other community organizations.
Additional Provisions
- The American Rescue Plan Act includes a number of other provisions to help individuals and families who are struggling financially, including:
- Increased funding for rental assistance programs.
- Increased funding for child care assistance programs.
- Increased funding for homeless assistance programs.
- A moratorium on evictions through September 30, 2021.
- A moratorium on foreclosures through June 30, 2021.
| Provision | Amount |
|---|---|
| Direct Payments | $1,400 per person |
| Expanded Unemployment Benefits | $300 per week |
| Increased Funding for SNAP | $12 billion |
| Increased Funding for TEFAP | $1 billion |
Well, that’s all, folks! Let’s keep our fingers crossed and stay tuned for any updates on whether Medicaid recipients will be getting a stimulus check. In the meantime, if you find yourself in need of other topics to discover, feel free to come back and check out our website anytime. We’ll be here, eagerly awaiting your next visit. Keep well, keep informed, and see you soon!