The federal government has yet to make a statement on the fourth round of the most awaited social benefit, but there are states that have not wanted to remain pending on whether or not it will do so. One of them has just announced a new round of stimulus checks with which they will distribute up to $1300 per person, the highest amount so far this year. We tell you about the requirements and eligibility.
New stimulus checks? Not the fourth round, but something awaited
The COVID-19 pandemic was the cause of the economic turmoil that affected a lot of Americans because they lost their jobs, they had to work less, and the food and the house costs were increased. To minimize the effects of the crisis, the federal government gave direct payments and other forms of stimulus checks to the people.
These stimulus checks had the main purpose of increasing the consumer spending and aiding the economy through an unforeseen crisis. The stimulus checks were a great help for millions of families all over the nation by giving them much-needed relief.
The government released a lot of payments with the special funds for parents with children. The different criteria for the eligibility and the amounts of the checks, the people used the money to pay for the necessities like rent, groceries, and utilities.
This state will pay a new round of stimulus checks: find out if you´re eligible
Besides, soon, thousands of Americans will get one-time payments of $1,300 from the one state´s government. The stimulus payment is a section of the American Rescue Plan Act, which was enacted into law in March 2021. This is one of the first rounds to be distributed in May and the same as the one we told you about last week.
The $1,300 the payments are meant to save the families and individuals who have been under financial pressure because of the COVID-19 pandemic. The stimulus checks are the best way to help millions of people who are jobless or have no income to meet the necessary living costs such as rent, food, and electricity.
Whereas before the first and second stimulus checks were $1,200 and $600 each, the new third round of checks will provide more substantial help at $1,300 per eligible adult. In many households, the extra several hundred dollars can substantially help them as they are already struggling to make ends meet.
Who is eligible for this new stimulus checks in Alaska? These are the requirements
To qualify for the $1,300 payment in Alaska, individuals must meet certain criteria set by the government. The main qualifications are:
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Must be a full-time resident of Alaska for the entire calendar year prior to applying. Part-time residents do not qualify.
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Must have lived in Alaska for a minimum of 12 consecutive months immediately before applying.
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Must be at least 1 year old at the time of application. Payments are issued for each eligible resident in a household, including children.
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Must complete an official application and provide necessary documentation like tax returns, proof of address, etc. Applications are typically open in January each year.
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Income limits do apply. For 2023, the income cap is $175,000 for couples filing jointly and $88,000 for individuals. Earners above these amounts are ineligible.
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Felons convicted of a felony in the past year are generally excluded.
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Recipients cannot be eligible for other permanent fund dividend programs in Alaska during the same year.
This new round of stimulus checks in Alaska is great for thousands of families who have been struggling these past few months. The current backdrop of inflation is putting more pressure on institutions across America, and more and more families are asking for a fourth round across the country. At the moment, we have no news, but we will explain all the details as soon as they are known.
