$1,400 Checks + $300/Week Approved? Payment Coming on 1st August? Here’s What We Know
Legislative Approval Approval Status: As of now, there has been no official confirmation that a new round of $1,400 stimulus checks has been approved by Congress and signed into law by the President.
Eligibility Criteria Income Limits: If a new round of $1,400 checks is approved, eligibility would likely follow similar criteria as previous rounds.
Distribution Method Direct Deposit: The preferred method for distributing stimulus payments is direct deposit, which ensures quicker delivery. Ensure your bank account information is current with the IRS.
Legislative Approval Approval Status: Similar to the $1,400 checks, the $300 per week supplemental payments have not been officially confirmed as approved by Congress and the President.
Eligibility Criteria Unemployment Benefits: If the $300 per week payments are an extension of unemployment benefits, eligibility would depend on current unemployment status.
Pandemic Unemployment Assistance (PUA): Self-employed and gig workers who qualify for PUA may also be eligible for the $300 per week supplement.
Distribution Method State Unemployment Agencies: The supplemental payments would likely be distributed through state unemployment agencies, similar to previous federal unemployment supplements.
Expected Timeline Potential Start Date: If the legislation is approved, the $1,400 checks and $300 per week payments could begin as early as August 1st.
Ongoing Payments: For the $300 per week supplement, payments would continue on a weekly basis for the duration specified in the legislation.
Notification Official Notices: Recipients typically receive notifications from the IRS or state unemployment agencies regarding payment details. Ensure your contact information is accurate to receive timely updates.