IRS Sending 'Special' Stimulus Checks to 1 Million Americans
Overview of the IRS Special Stimulus Checks : What Makes Them 'Special'? The term 'special' reflects the targeted nature of these stimulus checks. Unlike previous rounds meant for the broader population, this effort zeroes in on specific groups who may have been left out of earlier distributions or who face uniquefinancial challenges . How Are These Checks Different from Previous Ones? While prior distributions often covered a significant portion of taxpayers, these checks are focused on narrowing economic inequalities. They may cater specifically to those who faced delays in earlier payouts, lacked direct deposit setups, or needed extradocumentation to qualify . Eligibility Criteria for the Stimulus Checks Income Thresholds and Guidelines Eligibility is determined by adjusted gross income (AGI). Most recipients will fall under specific income levels, typically with caps such as: ● $75,000 for individuals. ● $112,500 for heads of household. ● ...