Everything You Need to Know About Stimulus Payments in 2023

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Back when the COVID-19 pandemic was still raging, federal relief came in the form of economic impact payments sent directly to Americans. These checks — known as a stimulus in some states — were designed to help people pay for things like food and gas. While most of those COVID-19-era benefits dried up a few years ago, some states have continued to provide their residents with stimulus-style payments.

In fact, some states are currently offering their residents a fourth round of inflation-adjusted stimulas 2023. This round of stimulus is in addition to the first three, which were sent out between 2020 and 2021. Here’s everything you need to know about Stimulus 2023 and whether or not they’ll apply to you.

Navigating Stimulus Checks in 2023: What You Need to Know

Stimulus payments are generally provided in the form of a tax rebate or credit. The eligibility requirements for these one-time payments vary by state, but in general, you must have an earned income of $75,000 or less to qualify for the payment. You must also have a Social Security number or an individual taxpayer identification number (ITIN) to receive the payment, and you can add dependents (regardless of age) who meet these requirements as well.

If you’re interested in finding out more about these specific eligibility requirements, we recommend checking out the official website for your state’s Department of Revenue. You can also sign up for VERIFY Fast Facts to stay informed about a variety of different topics, including stimulus payments, and subscribe to the VERIFY newsletter to receive daily news updates in your inbox.

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