November will see the distribution of a fourth round of stimulus checks by these states. Launched through the Economic Impact Payments program, this initiative—which the Internal Revenue Service (IRS) has disclosed—aims to give qualifying people and households critical financial support.
The primary eligibility criterion revolves around Adjusted Gross Income (AGI), and each state may have unique programs targeting specific groups.
The core qualification for receiving the fourth stimulus check centers on Adjusted Gross Income (AGI). Those eligible for the total amount of the fourth stimulus check include:
- Individuals with an AGI of up to $75,000.
- Heads of household with an AGI of up to $112,500.
- Married couples filing jointly with an AGI of up to $150,000.
- Parents or guardians are claiming children as dependents who are eligible for the child tax credit.
Individuals whose earnings exceed these predefined thresholds can still be eligible for partial fourth stimulus checks.
However, the maximum amount will decrease by $5 for every $100 their AGI surpasses the established limit.
Beyond the federal guidelines, certain states have implemented innovative approaches to distribute the fourth round of stimulus checks, targeting specific groups and addressing unique needs. Here are a few noteworthy state-specific initiatives:
- Arizona’s Return to Work Program: Arizona has introduced an incentive program to encourage individuals to secure new jobs. To be eligible for the fourth stimulus payment, recipients must maintain these positions for at least eight weeks.
- New York’s Excluded Workers Fund: New York has established the Excluded Workers Fund, specifically designed to provide unemployment payments to individuals who lost their jobs during the COVID-19 pandemic but do not meet the requirements for other federal stimulus programs.
- Maryland’s Earned Income Tax Credit: Maryland is disbursing fourth stimulus checks to individuals who have submitted their applications for the 2019 Earned Income Tax Credit, extending financial assistance to a broader population segment.
- Teacher-Focused Programs: States such as Florida, Georgia, Michigan, Tennessee, and Texas are gearing up to provide fourth stimulus checks tailored for teachers, acknowledging their invaluable contributions to the education system.
These various programs and initiatives are part of ongoing economic recovery efforts to support diverse population segments impacted by the pandemic’s financial repercussions.