Millions of Americans are preparing for a $1,390 stimulus check from the IRS, which is expected to be distributed in mid-summer 2025. This financial relief is part of an initiative intended to assist low and moderate-income households with essential expenses, including rent and utilities. According to The Mirror, the program aims to provide temporary financial aid to individuals facing economic hardships due to rising costs.
The IRS is managing the distribution of these funds, but details on exact dates and eligibility remain limited. Recipients will be able to use the funds without the tax implications associated with other forms of government assistance.
Eligibility Criteria for the $1,390 Stimulus Check
The eligibility for the $1,390 payment is based on income and tax filing status. Individuals and families that meet the following criteria are likely to qualify:
- Single taxpayers earning up to $75,000
- Married couples filing jointly with an income of up to $150,000
- Heads of households earning up to $112,500
Recipients who have received stimulus payments in the past and whose income has remained steady should also qualify for this assistance.
How Will the Stimulus Payments Be Distributed?
The payments will be issued in several forms to ensure timely delivery, including:
- Direct Deposit: The quickest method for those who have previously provided banking details to the IRS or Santander Social Security accounts.
- Paper Check: For those without bank details on file, a paper check will be mailed, but delivery may take longer.
- EIP Debit Card: Some recipients may receive their payment as a prepaid debit card, which will allow them to easily access the funds. This method is especially useful for those who may not have a bank account linked to the IRS.
Tax Implications and Benefits
The $1,390 payment is tax-free, meaning it won’t need to be reported as income on your next tax filing. Furthermore, it will not affect eligibility for other government assistance programs such as Medicaid, SNAP (Supplemental Nutrition Assistance Program), or housing assistance.
This makes the payment an ideal form of relief for those who depend on these essential benefits.
How to Apply for the Stimulus Check
Individuals who have not filed taxes or do not currently receive benefits must apply in order to receive the stimulus check. Those who are unsure about their eligibility or the application process should refer to IRS guidelines, which will be provided as the payout date approaches.
If you are a Santander customer, it’s recommended that you update your banking details with the IRS to ensure the fastest possible payment method.
Tracking Your Payment
Once payments are sent, recipients will be able to check:
- Eligibility for the payment.
- The mode and date of distribution.
- Any issues that may arise with their payment.
For those who use Santander accounts, the bank may provide additional assistance for tracking payments through their online banking portal.
