This December, the IRS started distributing social security stimulus checks to seniors in varied amounts as part of the OARB, which dates back to COVID-19. The funds are a component of the government’s continuous obligation to provide benefits to inhabitants of the United States during the COVID-19 outbreak.
A large portion of President Joe Biden’s administration has been devoted to reviving the American economy following the pandemic’s near-collapse, which left many people without jobs and experiencing financial hardship. People have questioned if the government will fulfill its commitment to provide the stimulus checks due to rumors of more budgetary instability, but those concerns have subsequently been allayed.
How Much Of the Stimulus Check Amount Will Be Given To Each Individual?
The United States government decided to raise old-age benefits via Old Age Relief to two thousand dollars after learning that around half of the nation’s seniors are having financial difficulties just to get by. For those who are presently receiving stimulus checks from Social Security or who reach 62 in 2023, the plan would add $200 to each monthly payment.
If the plan is approved, recipients will get an additional $2,400 per year. The exact timing of the money’s distribution to US persons has been determined and disclosed to the public. The following schedule outlines the stimulus check payments due in December 2023, using the government’s plan:
- December 1: SSDI beneficiaries who have received stimulus checks before May 1997 are paid.
- December 13: SSDI payout for those whose birthdays fell within any given month’s first through tenth.
- December 20: SSDI benefits for individuals whose birthdays fall on a day other than the 11th or 20th of any given month. SSDI payment for individuals whose birthdays fall on a day between the 21st and 31st of any given month is on December 27.