The Internal Revenue Service announced that there are groups of people who will be prioritized for the 4th stimulus checks.
Groups of People To Receive 4th Stimulus Checks
The Internal Revenue Service announced that nine states across the country have already released their 4th stimulus checks. An amount of up to $3,200 was sent to groups of people. Here are the following:
- Individuals with an Adjusted Gross Income (AGI) of up to $75,000.
- Heads of household reporting an AGI of up to $112,500.
- Married couples filing jointly with an AGI of up to $150,000.
- Parents or guardians who claim children as dependents eligible for the child tax credit.
Moreover, these checks will be sent as part of the Economic Impact Payments to help the residents face the negative impact of the pandemic and the increasing inflation rate.
Amount of 4th Stimulus Check
According to an article published in Yahoo Finance, the amount that these nine states distribute to their residents varies depending on their income and the economic situation of the state. Eligible individuals will receive an amount between $250 to $3,200.
Meanwhile, special groups of people will receive an amount between $500 to $2,000 that still depends on individual and economic situation of the state.