Individuals earning less than $75,000, heads of households earning less than $112,500, and married couples earning less than $150,000 are eligible for $1,400. Eligibility was based on income. The stimulus checks were to boost the economy.
The stimulus checks of $1,400 were distributed through:
- direct deposit into bank accounts
- paper checks mailed for those without bank account information, ensuring everyone who qualified received payment.
Parents who had a child in 2021 can claim an extra $1,400 stimulus after filing their 2021 tax return. The payment may be smaller if parents made just below $160,000.
There’s a very good chance that the $1,400 stimulus payment that many of us got months ago will be the last one-and-done relief check we get during the pandemic from the federal government. Some of you are definitely getting another stimulus check for $1,400 in 2022, as long as you meet a few important requirements.
You could get $1,400 from new stimulus check plan as Biden gives Americans MORE money. The bill provides a $1,400 refundable tax credit that would go to individuals who made up to $75,000 and phase out completely when an individual’s income level reaches $100,000. For joint filers, this payment could be up to $2,800 and would phase out between $150,000 and $200,000.
Will Social Security recipients receive a 4th stimulus check?
The IRS tool for tracking payments is no longer available, but there are alternative methods to access payment status. The first batch of direct deposits was sent on a Friday, with the official payment date being March 17.