Did You Know Americans Could Get a $1,400 Stimulus in 2022

Plenty of people were able to benefit from the stimulus checks they received throughout the pandemic. Eligible Americans found themselves with three rounds of stimulus payments! However, as the COVID pandemic continues, many of those in need could still use some more assistance. There is another stimulus check coming out that some may not know about! In fact, lots of Americans can expect to get a stimulus of up to $1,400 due to their tax return! The American Rescue Plan (ARP) made this possible. Qualifying individuals that claim a dependent on their taxes may be able to get this 4th stimulus payment.

What to Know About Getting the 2022 $1,400 Stimulus

This 4th stimulus payment is actually a part of the third round of stimulus payments that eligible Americans received. People started receiving the third round of stimulus payments (also known as the 2021 Economic Impact Payment) back in March 2021. These payments came from the Recovery Rebate Credit (RRC) and were given as an advance. However, individuals may be able to claim the remaining portion of these stimulus funds in 2022 when they file their 2021 taxes. Even though it is based on information from 2021, people will receive payments in 2022.

Who Can Get the 4th Round of Stimulus from the Recovery Rebate Credit?

The total assistance that the RRC can provide is up to $1,400 plus an extra $1,400 for each dependent of the taxpayer. There are some eligibility requirements around who can get these extra funds which includes:

  • Qualifying Citizenship Status: Must be an American citizen, or a U.S. resident alien.
  • Meeting Income Requirements: Individuals cannot have an adjusted gross income of over $75,000. A married couple filing jointly cannot have an adjusted gross income of over $150,000. The head of household cannot have an adjusted gross income of over $112,500.
  • Having a Qualifying Family Status: Dependents need to be younger than 19 years old by the end of the year (except for certain circumstances like they are a student). However, a dependent can be any age if they are permanently disabled. The dependent must have a specific relationship to the taxpayer like as a child, foster child, brother, sister, stepbrother, stepsister, half-brother, half-sister, or a descendent of any of them.

However, some people may find themselves ineligible if any of the following conditions apply:

  • You’re claimed as a dependent on someone else’s tax return
  • You are a non resident alien
  • You do not have a valid social security number by the due date of your tax return

If you qualify to receive payments from this RRC then they can either reduce the amount you owe or be provided in your tax refund for 2021 (which you will receive in 2022).

State Stimulus Payments

While not every American can qualify for the RRC stimulus, there are other stimulus opportunities that can help! While it’s not looking like there will be another nationwide stimulus, there are states that chose to offer their own version of a stimulus. Some states that are providing additional stimulus assistance to their residents include:

Arizona

The worker shortage is impacting countless industries in America. That is why Arizona is offering $2,000 to those that get a job after they received unemployment benefits during a specific timeframe. This is known as the Return-to-Work bonus and will require verifiable information in order to qualify.

California

Eligible middle-class families can receive up to $1,100 in stimulus assistance. The first $600 will go to families that meet qualifying criteria. However, those same families may be able to receive an extra $500 if they have children.

Florida

Many people know Florida as a state full of wild stories. However, Florida can also be known as a state that cares about it’s residents thanks to the Florida’s Heroes Initiative. Qualifying first responders like EMTs, firefighters, paramedics, and police officers can receive up to $1,000. Teachers and principals may also qualify to receive disaster relief payments of up to $1,000.

Georgia

Georgia is another state that wants to show teachers their appreciation. Qualifying full-time teachers have the chance to receive checks worth $1,000. Even part-time teachers could receive checks worth $500. Currently the payments are not available to Pre-K educators but that may change.

Maine

Maine’s Department of Administrative and Financial Services (DAFS) is providing stimulus payments of $285 to people that worked throughout 2020. These funds will be sent in the form of a mailed check. Qualifying criteria must be met like:

  • Worked continuously throughout 2020
  • Filed an individual income tax return for the 2020 tax year by October 31st, 2021
  • Make less than $75,000 as an individual or $150,000 as a couple
  • Haven’t been claimed as a dependent on another taxpayer’s 2020 tax return

Maryland

The Maryland Relief Act of 2021 can give qualifying families up to $500 in stimulus assistance if they filed for the Earned Income Tax Credit (EITC). If an individual filed for the EITC (and not as a family) then they would only be eligible for up to $300. The best part? Recipients of these funds don’t have to apply to get them!

Michigan

Michigan is providing additional assistance thanks to the Child Care Stabilization Grant. This grant can give full-time child care professionals bonuses worth $1,000! These bonuses will be provided through employers so recipients will not have to apply.

New Mexico

Thousands of low-income households in New Mexico received another stimulus payment of $452 around July 2021. This stimulus was given since some households in need weren’t able to get a round of federal stimulus payments.

Tennessee

Another state that aims to help it’s educators is Tennessee. Qualifying teachers can receive extra stimulus assistance! However, the amount that they can receive will vary by district. To find out how much you may be able to receive you will want to confirm with your locality!

Vermont

Unlike a traditional stimulus payment, Vermont aims to provide assistance a little differently. While the state did provide cash payments of up to $2,000 to frontline workers with the Frontline Employees Hazard Pay Grant Program, that was done all the way back in January 2021.

However, assistance now is a bit different. Vermont wants to encourage people to move to the state by providing a reimbursement for up to $7,500 in qualifying moving costs. This isn’t available to everyone and is only an option for those that work in specific industries.

Bottom Line

There are more opportunities for extra assistance than people may realize. Whether it is a national opportunity like with the Recovery Rebate Tax Credit or with a state opportunity, there are assistance options out there that may be able to help. In fact, there may even be extra assistance as the COVID pandemic continues. You will want to keep checking to see if there are other stimulus opportunities for your state and keep an eye on the news to see if there will be any federal assistance that becomes available. If you don’t qualify for any of the existing stimulus aid then you may benefit from checking out other assistance programs.