What are the three primary requirements for receiving the stimulus payment?
By October 31, 2022, you must file a state return and be a full-time resident.
You cannot claim yourself as a dependent on another person’s tax return.
If you file as an individual, your AGI must be less than $100,000; if you file as a head of household, it must be less than $150,000; and if you file as a married couple, it must be less than $200,000.
Stimulus: $2,000 in assistance for low-income households’ water bills
This stimulus is made possible by a $1.2 billion budget surplus.
The surplus allows for stimulus payments due to rising income tax revenue and federal funds from the pandemic.
Over half of this surplus is being used to assist residents who are struggling with rising gas and grocery prices.
Universal Basic Income and Stimulus: Applications are now being accepted for $500 payments and a $1,400 stimulus.
Households may receive multiple checks, so if two adults qualify, they will receive $1,700.
The payment is available to Social Security recipients.
Adults who are eligible but have not filed a state tax return
While not everyone is required to file a tax return, this does not mean they are ineligible.
Low-income earners and recipients of Social Security are frequently exempt from filing tax returns.
These individuals have until Oct. 31, 2022 to file a tax return in order to qualify.
Payments will not be made via direct deposit; they will be made in the form of paper checks.
This is to assist in avoiding errors and distributing funds as efficiently as possible.