Short, Simple and Interesting FAQs
What Is a Stimulus Check? A stimulus check is a check sent to a taxpayer by the U.S. government. Stimulus checks are intended to stimulate the economy by providing consumers with some spending money. Taxpayers receive this money because it’s intended to boost consumption and drive revenue at retailers and manufacturers, spurring the economy. What … Read more
What does AARP’s Coronavirus Stimulus Check Calculator do? President Biden signed the American Rescue Plan into law on March 11, 2021. Our calculator provides an estimate of the amount you might receive in a third federal stimulus check, based on the information you enter. This is only an estimate; the actual amount you receive, if any, will be … Read more
Stimulus checks are available to eligible U.S. individuals with Social Security numbers. However, eligibility rules vary depending on the checks. For the first two payments, anyone claimed as a dependent wasn’t eligible for their own check. However, individuals who claimed dependents under 17 could receive a payment for them. The third check still prohibits dependents … Read more
Stimulus checks are available to eligible U.S. individuals with Social Security numbers. However, eligibility rules vary depending on the checks. For the first two payments, anyone claimed as a dependent wasn’t eligible for their own check. However, individuals who claimed dependents under 17 could receive a payment for them. The third check still prohibits dependents … Read more
A stimulus check is a direct payment made by the government to its citizens. Unlike tax credits, which come as deductions from taxes owed during tax filing, stimulus checks are designed to give immediate relief to taxpayers and encourage stability and spending during an economic downturn. Although direct stimulus payments have been relatively uncommon in … Read more