Eligibility for the economic impact payments, commonly referred to as stimulus checks, hinged on several factors, including income levels, filing status, and citizenship or residency status. For example, individuals with adjusted gross incomes below a certain threshold generally qualified for the full payment amount, while those exceeding that threshold might have received reduced payments or none at all. Dependents, including children and certain other relatives, also factored into the eligibility and payment calculations.
These payments served as a crucial safety net during times of economic hardship, providing direct financial assistance to help individuals and families cover essential expenses and stimulate the economy. The program was implemented in response to specific economic downturns and represents a significant aspect of modern fiscal policy.
