Are Veterans Getting a Stimulus Check?
The COVID-19 pandemic has had a significant impact on the global economy, leading to widespread job losses, reduced income, and financial insecurity for many individuals. In response, governments around the world have implemented various economic stimulus packages to support those affected. In the United States, the Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law in March 2020, providing financial relief to individuals, including military veterans.
Are Veterans Eligible for Stimulus Checks?
Yes, veterans are eligible for stimulus checks as part of the CARES Act. Veterans who are eligible for a stimulus check include those who:
• Are U.S. citizens or resident aliens
• Have a valid Social Security number
• Are not a dependent of another person
• Have an adjusted gross income (AGI) of $75,000 or less for single filers, or $150,000 or less for joint filers
• Have filed a tax return for 2019 or 2018, or will file by the extended deadline
How Much Will Veterans Receive?
The amount of the stimulus check varies based on income level. The stimulus check amounts are as follows:
| Income Level | Stimulus Check Amount |
|---|---|
| $75,000 or less (single filer) | $1,200 |
| $75,001 to $99,999 (single filer) | $600 |
| $150,000 or less (joint filer) | $2,400 |
| $150,001 to $199,999 (joint filer) | $1,200 |
| $200,000 or more (joint filer) | $600 |
When Will Veterans Receive Their Stimulus Check?
The IRS began distributing stimulus checks in April 2020, with most payments being made by May 2020. The IRS used the following methods to distribute stimulus checks:
• Direct deposit: Payments were made directly into bank accounts linked to taxpayer’s tax returns
• Paper checks: Checks were mailed to taxpayers who did not have direct deposit information on file
• Debit cards: Prepaid debit cards were used to make payments to taxpayers who did not have direct deposit information on file
How Can Veterans Check on the Status of Their Stimulus Check?
Veterans can check on the status of their stimulus check using the IRS’s "Get My Payment" tool on the IRS website. The tool allows taxpayers to:
• Check the status of their payment
• Enter their bank account information to receive a direct deposit
• Confirm that their payment was sent to the correct address
Additional Resources for Veterans
In addition to the stimulus check, there are several other resources available to support veterans during the pandemic. Some additional resources include:
• Veterans Affairs (VA) benefits: The VA offers a range of benefits, including disability compensation, pension, and education benefits
• Small Business Administration (SBA) loans: The SBA offers low-interest loans to small businesses, including those owned by veterans
• Federal Emergency Management Agency (FEMA) resources: FEMA provides emergency assistance, including food, shelter, and medical care, to those affected by the pandemic
Conclusion
In conclusion, yes, veterans are eligible for stimulus checks as part of the CARES Act. The stimulus check amounts and eligibility criteria are outlined above. Veterans can check on the status of their stimulus check using the IRS’s "Get My Payment" tool and take advantage of additional resources available to support them during the pandemic.
