UBM– In response to the economic crisis brought on by the COVID-19 pandemic, the United States government put into place a $1,400 stimulus payment as a kind of financial assistance. The Economic Impact Payment, also known as the Recovery Rebate Credit, is a benefit that has been given to qualified persons during the previous few years based on criteria set by the Internal Revenue Service (IRS). However, not all citizens are eligible to receive this money because there are certain criteria that define who is excluded.
Who will not be eligible to receive the $1,400 stimulus payment?
Even though this financial support is important, there are some groups of people in the United States who will not be able to take advantage of the $1,400 stimulus check. The following are some of the primary grounds for ineligibility:
- People who do not have a Social Security Number (SSN): This is a basic prerequisite for receiving the payment. People who do not have a valid Social Security number will not be able to get the economic boost.
- Non-resident aliens: The IRS payment is not available to anyone who do not have a Green Card or who do not pass the substantial presence condition.
- People whose earnings exceed the set thresholds: The IRS sets income limits to decide who is eligible. If these limits are surpassed, the payment may be lowered or altogether removed:
- Single filers with an adjusted gross income that exceeds $75,000.
- Married couples that file their taxes together and have incomes greater than $150,000.
- Heads of households who earn more than $112,500
- People who have already received the entire sum in earlier rounds: People who have already received the full Recovery Rebate Credit payment will not be able to receive any more reimbursements.
Before receiving a payment from the IRS, it is important for citizens to confirm that they meet the conditions. If they do not meet any of these standards, they may be excluded from the program. To prevent any misunderstandings, it is advisable to speak directly with the IRS or a tax counselor to verify eligibility and avoid any problems when applying for these benefits.
