Stimulus checks: who will continue receiving payments in the month of November?

According to the Internal Revenue Service (IRS), for the month of November, nine of the 20 states associated with the Economic Impact Payments program They will continue to send stimulus checks in order to benefit their low-income residents.

The entity assured that this economic relief belongs to the fourth round of payments this year, aimed at four groups of people eligible for stimulus checks, which are divided into:

• Individual taxpayers with adjusted gross income of up to $75 thousand dollars.
• Taxpayers who file their joint return with an adjusted gross income of up to $150 thousand dollars.
• Parents, guardians or representatives who claim their children as eligible dependents for the child tax credit.
• Heads of household reporting an adjusted gross income of up to $112,500

How much is the amount of the 4th round of stimulus checks?

The amounts of these financial reliefs may vary depending on the person applying. These can be between $250 to $3,200 dollars for the aforementioned groups, while there are additional incentives for special groups that can obtain stimulus checks with amounts ranging from $500 to $2 thousand dollars.

What states will send payments?

For the month of November, some states will continue to offer stimulus checks for specific groups such as: teachers, workers and special taxpayers, for example; Texas, Georgia, Tennessee, Michigan and Florida will send financial incentives to teachers.

Due to the contingency of the Covi-19 pandemic, New York will send money to workers who lost their jobs during that time through an Excluded Workers Fund. For its part, Maryland will provide financial assistance to residents who have applied for their 2019 Earned Income Tax Credit.

Finally, Arizona with its Return to Work Program will provide stimulus checks to residents who wish to enter a new job.

Stimulus checks and tax returns

It is important to keep in mind when requesting or receiving a stimulus check or tax refund that these reliefs can be taken for the following year’s tax return, however, This will depend on the payment conditions and the monthly income of each taxpayer, since it also starts from the fact that the more income you have, the more taxes you will have to pay.

Keep reading:

• Who will receive the Social Security payment of up to $914 this November 1?
• Tax refund of up to $650 dollars: where and who can request it?
• Stimulus check: the information to take into account in the tax return