Americans To Receive Stimulus Checks Worth $500- Check If You Are Eligible

In 2023, several states will offer stimulus funds to their residents to help them deal with the rising cost of living. State-to-state variations affect the checks’ value, but generally speaking, it ranges from a few hundred to several thousand dollars.

Stimulus Checks Of $500

On Thursday, an application period for another guaranteed earnings program in Massachusetts launched. Selected applicants will receive $500 monthly payments from this program. The program, Rise Up Cambridge, will be accepting applications through July 31. The application period will last roughly two months. Applications will be accepted continuously.

The payments, which are being sponsored by a $22 million contribution from Cambridge, Massachusetts, are meant to assist homes with at least one kid. Each recipient chosen for the program will receive $9,000 over 18 months in 18 monthly increments of $500. The recipients’ options for using the money are unrestricted. The recipients’ monthly installment payments won’t need to be declared as taxable income.

Eligibility For Stimulus Payment

The recipients can earn money in addition to the monthly payouts by taking surveys or writing about their experiences with the program. The completion of these questionnaires or documents is voluntary. However, those who do so will receive payment for their time. An applicant must reside in Cambridge, be at least 18 years old, and be accompanied by at least one household member under age 21 to be eligible for the program.

Additionally, the household income has to be equal to or less than 250% of the poverty line set by the federal government. The number of individuals living in the family determines the minimum income criteria for eligibility.

Families with two members, such as a mother and kid, will be qualified if their yearly earnings are no higher than $49,300, and families with three members will be qualified if their yearly income is no higher than $62,150. With each extra household member, the maximum income rises a little reports Washingtonexaminor.

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