Menu
The Unemployment
  • Information About Stimulus Check
  • Unemployment by State
    • California Unemployment
    • Florida
    • South Carolina
    • Michigan Unemployment
    • Pennsylvania
    • Georgia
    • Texas
    • Oregon
    • New York
    • Massachusetts
    • Maryland Unemployment
    • Colorado
    • Indiana
    • Kansas
    • Ohio
    • Tennessee
  • PUA news
  • Contact
  • Legal Info
    • Cookies Policy
    • Legal Advice
    • Privacy Policy
The Unemployment
Who are the people who may be left out of the third $1,400 stimulus check and why

Who are the people who may be left out of the third $1,400 stimulus check and why?

Posted on by

The next stimulus check could exclude groups of people above an income level to be determined by Congress.

Earlier this week, a group of 10 Republicans proposed a coronavirus stimulus bill that would include $600 billion in resources and the possibility of offering a $1,000 check. Although President Joe Biden rejected the proposal and is relying on a $1,400 check, some of the ideas in the bill could affect the third stimulus check.

The GOP proposal seeks to exclude single taxpayers earning more than $50,000 and couples earning $100,000 from receiving a third stimulus check. Individuals with AGI below $40,000 and families earning less than $80,000 would receive the full amount, and everyone in the middle range would receive less than $1,000.

Dependents of any age could receive $500, which complicates the issue, but the thrust of the GOP argument is to prevent people earning more than the “desired” or “target” wage from receiving the stimulus money.

What happens if you change the calculation of the third stimulus check?

Changing the formula for how the first two stimulus checks were constructed would be one way to limit the number of people who will receive a new check.

Suppose the final bill keeps the maximum figure at $1,400 and the annual income threshold at $75,000.

The adjustment could result in people earning more than $75,000 a year being able to get some amount of stimulus money, their maximum payment would be $1,400 and could be lowered depending on their income. This would cause the IRS to send fewer paper, debit card, or direct deposit stimulus checks during the third round.

For example, under the current formula, a $1,400 check would give a person with an AGI of $80,000 a year a third stimulus check of $1,150. The GOP bill suggests a formula adjustment that would reduce your share by 10% instead of 5% for every $1,000 of income.

So the more you earn, the less money you could receive at a higher percentage than the current formula. That would mean that people with relatively high incomes would receive a much smaller check or in their case might not receive a check at all.

During the first round about 160 million people received their stimulus payment, while in the second round the payment went to about 147 million households, despite more groups of people being eligible for the second check.

Under this scenario a third stimulus payment of $1,400 could reach fewer people.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • Accesing OhioMeansJob and Logging Into Your New Account
  • Filing Your Weekly Unemployment Benefits
  • Viewing Notices, Determinations & Filing Apeals
  • Logging Into Your Account
  • How to Apply for Unemployment Insurance

WELCOME!

Welcome to The Unemployment website. On this website you will find everything you need for people who are unemployed.

We are not an official source of unemployment, we only provide information and do tutorials for those who do not know how to do the following:

  • How to file an initial claim according to your state
  • How to File a Weekly Unemployment Claim
  • How to File a PUA application
  • More help

We love to inform and help the people who need this help the most. We want to remind you that we are NOT an official website about the unemployment, we only provide you with the information you need and practical guides so that you know what to do in your situation.

Without further ado, we invite you to investigate this website and verify everything you need to know!

©2023 The Unemployment |
This website uses cookies. Okay? ACCEPTRead More
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT