Many Americans benefited from the three waves of stimulus payments that they received. However, not everyone is aware that they may be eligible for more stimulus funding in 2022. In fact, some people may expect to receive a tax refund of up to $1,400 in 2022 as a result of their tax return. This stimulus help is not available to everyone! However, the American Rescue Plan allows those who had a kid in 2021 or who claim a dependent on their taxes to receive an additional stimulus payout!
How Can I Receive a $1,400 Stimulus in 2022?
When qualified individuals received the third stimulus payment, they essentially received a portion of their tax refund a year earlier than they should have. That Economic Impact Payment (EIP) was actually an advance on the 2021 Recovery Rebate Credit. This Recovery Rebate Credit will be your source of further stimulus. Despite the fact that it is based for the year 2021, it will be given during the tax season of 2022. If you filed an extension you have until October to file this!
Who is Eligible for a Recovery Rebate Credit?
Those who are qualified for this credit must meet the following requirements:
- Dependents must be under the age of 19 at the end of the year unless they are students.
- If a dependent is with a permanent disability, they can be of any age.
- The dependent and the tax filer must have a specific relationship as a child, brother, sister, foster kid, stepbrother, stepsister, half-brother, half-sister, or descendant of any of them.
- Individuals should have an adjusted gross income of less than $75,000, and married couples filing jointly should have an adjusted gross income of less than $150,000.
If you qualify for this credit, it could lower any taxes you owe in 2021 or be included in your tax refund.
Other Stimulus Payments
Depending on where they live, some people may also be eligible for an unrelated additional stimulus payment. Some of the payments have already been made (but not all). Even though there are no indications that Congress will provide another round of direct stimulus payments across the country, a few states disagreed with that decision. The following states have another stimulus opportunity for its residents.
If you live in Arizona, you may be eligible for $2,000 if you could find a job after receiving unemployment benefits during a specific timeframe. This stimulus, also known as the Return-to-Work bonus, has eligibility requirements that Arizona citizens must complete. Also, the information you submit must be verifiable. However, the application is closed for this stimulus!
In California, eligible middle-class families were able to receive up to $1,100. The first $600 was given to households that meet certain conditions. If they have children, those same families had the opportunity to get an additional $500.
Through the Florida’s Heroes Initiative, eligible first responders were able to receive up to $1,000. Paramedics, EMTs, firefighters, and police officers are examples of first responders. In addition to first responders, principals and teachers were also eligible for disaster relief payments of up to $1,000.
Maine is providing disaster relief payments to anyone who worked in 2020. The Department of Administrative and Financial Services (DAFS) issued the $285 payments. There will be eligibility requirements that people should meet in order to receive this money. The payments will be mailed to the eligible people. Luckily, individuals still have until October 31st, 2022 to claim these funds!
In New Mexico, some low-income households were not eligible for a round of federal stimulus funds. As a result, 3,286 low-income families were able to get a $452 stimulus payment.
Tennessee teachers may be eligible for an additional stimulus payout. However, the amount they can receive differs by district. If you believe you may be eligible, you should contact your local school district for additional information.
Many people may be able to get an additional stimulus whether at the federal level through a tax refund or state level through local opportunities if they qualify. You will want to make sure to check with your state office for any updates. There may be even more support opportunities pop up than you realize!