- You still have time to apply for the plus-up check.
- The plus-up check awards up to $1,400, which is not too bad for the December holidays.
- The IRS set the deadline to apply for the plus-up check.
You can get extra financial help, especially for the December holidays. There is only one month left to apply for the plus-up stimulus check, or additional check, which pays up to $1,400 to those who qualify.
The last round of stimulus checks from the Internal Revenue Service (IRS) will end on December 31, 2021. Payments will be sent weekly to those who are eligible until the deadline set by Congress, The Sun said in an updated report on Monday, November 29.
Who qualifies for the plus-up check f0r up to $1,400?
Adults whose income was reduced during the pandemic, as well as some dependents, are eligible for the plus-up check. These additional payments are sent to those who received stimulus checks based on their 2019 tax returns or information received from the Social Security Administration. Some taxpayers whose income was lower in 2020 than in 2019 are also eligible, The Sun explained.
According to the newspaper, Cassandra Kirby, a senior executive at the financial advisory firm Braun-Bostich & Associates in Pittsburgh, stated, “Let’s say that a married couple with a child had an adjusted gross income of $165,000 in 2019, and because their income was more than $160,000, they are not eligible for any part of the third payment. However, in 2020, they had another child and their adjusted gross income dropped from $165,000 to $155,000.”
They would fall within the $150,000 to $160,000 threshold with an additional dependent and would be eligible for the $2,800 stimulus money. The same goes for anyone who declared an elderly or disabled dependent on their taxes in 2020, The Sun reported.
This also includes elderly or disabled family members or university students who are under the care of private individuals. This is now the ninth set of payments since the March 2021 stimulus checks authorized by Congress, The Sun noted.
What to do to claim the plus-up check?
You can claim your payment by filing a federal tax return. Payments are sent separately from your 2020 tax refunds and are typically issued within two weeks of when your tax return is processed, according to Marca.com.
The total number of payments sent to Americans is about 165 million, or 388 billion dollars, CBS News reported. About 500,000 of those payments were made via direct deposits, while the rest were sent as checks, The Sun noted.
Monthly payments of $350 will be awarded to those who qualify in New Orleans beginning in 2022
The new year will come with more financial help. Although it is not clear whether Americans will receive another federal stimulus check, many city and state governments are issuing their own financial benefits to residents. In this case, one city will award monthly payments of $350.
In an updated report on Sunday, November 28, The Sun reported that in New Orleans, Louisiana, some teens and young adults will receive monthly payments of $350 for 10 months as part of the state financial education program.
The New Year will bring more help: $350 monthly payments
The new initiative will impact 125 New Orleans residents who are between the ages of 16 and 24. The first stimulus payment will be issued next spring and recipients will receive $3,500 in total. Since these payments are recurring for 10 months, the aid can be seen as a trial run for a universal basic income program, The Sun said.
In an idea backed by businessman and former presidential hopeful Andrew Yang, several large cities, such as Chicago, Illinois, and Los Angeles, California, are also offering universal basic income payments to some of their residents, The Sun reported.
Monthly payments for those who qualify for the benefit in New Orleans
New Orleans aims to address the city’s “unbanked” problem. It applies to adults who do not use financial services like traditional checking and savings accounts to store their money.
According to the economic advocacy group Prosperity Now, Louisiana ranks second in the percentage of unbanked among its population, at nearly 15%. The New Orleans program, in partnership with Mastercard and Mobility Capital Finance (MoCaFi), aims to specifically address the problem of the racial wealth gap.
Who can opt for the monthly payments?
Direct monthly payments will be provided by Mobility Capital Finance through a loaded ATM card. Along with the age requirement, the funds will go to those who are unemployed or out of school, The Sun noted.
New Orleans Mayor LaToya Cantrell stated, “My administration continues to identify innovative ways to serve and empower our residents and will ensure that the unbanked are banked and have access to financial education and other resources so they can serve the basic needs and continue to invest in themselves.”
Stimulus checks and other payments: 10 states and cities will provide benefits before Christmas
Christmas may come to your house early thanks to the delivery of more stimulus checks and other payments. The Sun said many Americans can expect to receive a payment from their state or local government before December 25.
The money could be one-time stimulus checks or a universal basic income — a set of recurring payments. In any case, certain Americans will receive some money for the holiday season. The Sun identified which states and cities could send you a payment before the end of the year.
Stimulus checks for California and Florida residents
California: As part of the Golden State Stimulus II program, it is estimated that a total of nine million Californians will receive checks before the end of the year if they have not already gotten them. Under the California initiative, a resident who earns less than $75,000 per year and who filed 2020 taxes before October 15 is entitled to receive the benefit.
Florida: Florida could send out stimulus payments in December for teachers of preschool through the 12th grade. If eligible, those individuals can receive a one-time payment of $1,000. Governor Ron DeSantis said the program aims to help about 175,000 teachers and 3,600 principals.
Maine and Maryland will also offer stimulus checks and other payments
Maine: According to The Sun, Maine residents began receiving stimulus payments on November 15. The one-time payments of $285 will go to more than half a million residents. The eligible recipients are singles earning less than $75,000 per year and couples earning $150,000 or less. The state will continue to send them until the end of the year.
Maryland: Maryland’s poorest families and individuals will receive stimulus checks. Eligible families will receive checks of $500, while individuals can receive payments of $300. Families can also receive more money through tax returns over the next three years. The newspaper detailed that families with two children who earn $25,000 could receive $1,100 a year. To find out the rest of the places where the payments will be delivered, read this post.
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