As February rolls in, millions of Americans are set to receive crucial financial assistance through federal and state programs. From IRS rebates to Social Security payments, here’s a breakdown of what’s coming and how you can make sure you don’t miss out.
IRS Sending Up to $1,400 in Recovery Rebate Payments
The IRS is issuing payments of up to $1,400 per person to taxpayers who didn’t receive the full amount from the last round of stimulus payments. This is part of the Recovery Rebate Credit, aimed at those who missed out on earlier Economic Impact Payments.
If you’re eligible, you don’t need to take any action—the IRS will automatically send your payment via direct deposit or mail. Most payments should arrive by the end of January, but if you haven’t received yours by mid-February, it’s a good idea to check your eligibility with the IRS or review your tax return from 2021.
Social Security and SSI Payments on Schedule
For those receiving Social Security benefits, payments will follow the usual monthly schedule based on your birth date:
- Birth dates between the 1st and 10th will get payments on the second Wednesday of February.
- Birth dates between the 11th and 20th will see their payments on the third Wednesday.
- Birth dates between the 21st and 31st will receive payments on the fourth Wednesday.
SSI recipients, meanwhile, can expect their monthly benefit on February 28. In 2025, the federal maximum for SSI is $967 for individuals and $1,450 for couples.
No New Child Tax Credit Payments Yet
While rumors have circulated about new Child Tax Credit payments for 2025, the IRS has not announced any updates beyond the existing program. Families should stay alert for updates from official IRS sources to ensure they don’t miss any changes.
State-Specific Stimulus Programs to Watch
Some states are offering their own financial assistance programs:
- California: Sacramento’s Family First Economic Support Pilot Program provides $725 monthly payments to qualifying families through November 2025. Eligibility is based on income and residency requirements.
- Alaska: Residents can expect the 2025 Permanent Fund Dividend (PFD) payments. While the 2024 PFD was $1,702, details for 2025 will be announced soon.
If you live in a state offering additional support, be sure to check with local government websites to see if you qualify.
What This Means for You
With inflation still impacting household budgets, these payments offer some much-needed relief. Be sure to check your mail, bank account, and eligibility status to make the most of this financial support in February 2025.
