Are You Owed a Government Stimulus Check?
To stimulate spending in the United States, the federal government has created several stimulus programs that are designed to encourage consumers to spend. One of the most popular programs was giving millions of citizens a check that could be used for any purpose that they desire. To know if you are owed a government stimulus check, there are various factors to consider.
Are You a Dependent
The first factor to consider when determining whether or not you are owed a government stimulus check is whether or not you are a dependent. The stimulus checks are designed for heads of household. Therefore, if someone claims you as a dependent on their tax return, you will not qualify for the stimulus check and you will not receive the benefit.
Income Minimums and Maximums
The second factor to consider when determining whether or not you are owed a government stimulus check is whether or not you meet the income minimums required for qualification. To qualify for the stimulus check, you will need to earn at least $3,000. You must also consider whether or not you make too much money to qualify for the stimulus check. The stimulus check benefit begins to phase out after a tax payer begins to make over 80,000 dollars per year. This includes all forms of income, including social security wages and benefits.
Do You Have Children
The third factor to consider when determining whether or not you are owed a government stimulus check is whether or not you have children. Families which have one or more dependent under the age of 17 will receive a certain amount extra for each child that they have.
- How Can I Get Help On Back Taxes Owed To The Government?
- Does The Government Check Every Tax Return?
- How Soon Can I Check On My Income Tax Return Status After I File?
- Should I Have Someone Double Check My Tax Return?
- Can I Claim A Non-Family Member As A Dependent On My Government Tax?