Stimulus Checks For People With Disabilities | Financial Resilience ...

This page will answer frequently asked questions about the Economic Impact Payments (EIP), also commonly known as stimulus payments, and other tax credits that may help put more money in your pocket.

On Wednesday, March 10, 2021, Congress passed the American Rescue Plan Act, which was signed into law by President Biden the next day. The $1.9 trillion relief package offered new economic assistance to individuals, families, schools, businesses and state and local government.

The Act provided for a third round of stimulus payments of up to $1,400 per eligible individual or $2,800 for eligible married couples filing jointly. Adults who earned less than $75,000 should have received a full payment, with reduced payments to those earning up to $80,000; married couples who earned up to $150,000 also received a full payment with reduced payments to those earning up to $160,000. Children and adult dependents claimed on tax returns within these households are also eligible for $1,400 payments, including college students and some people with disabilities, not just children under 17. Undocumented immigrants were not eligible to receive direct payments. However, unlike previous rounds of payments, this Act would allow residents married to undocumented residents to receive stimulus payments. Direct deposit payments were first made beginning in March, 2021 and were automatically deposited in the bank account utilized on your most recently filed tax return. If the IRS did not have an individual’s direct deposit information, the individual should have received payments via physical checks or Economic Impact Payment (EIP) debit cards.

To find the amount of Economic Impact Payments issued to you on record, you may create or visit your IRS Online Account.

In July of 2021, many eligible families across the country began receiving advance payments related to changes made to the Child Tax Credit with the passing of the American Rescue Plan Act. The IRS distributed half the total Child Tax Credit amount in advance via monthly payments between the months of July and December 2021, unless eligible individuals/families opted out of receiving these payments in advance. The other half of the child tax credit will be claimed when you file your 2021 income tax return in 2022. These changes apply to tax year 2021 only. It is important you are aware of who qualifies and how to ensure you receive this tax credit in the way that best fits you and your household. Learn more by visiting our most frequently asked questions regarding the Advance Child Tax Credit.