In a significant move to enhance financial aid, the Social Security Expansion Act is set to increase monthly support by $200 for individuals currently receiving Social Security benefits or approaching the age of 62 in 2023.
The Social Security Expansion Act aims to alleviate financial burdens on vulnerable groups
Under the Social Security Expansion Act, stimulus checks will be disbursed to individuals with disabilities, low-income families, and senior citizens based on criteria established by state governments. The financial assistance is designed for households with an adjusted gross income (AGI) of up to $75,000 for individuals, $150,000 for married couples filing jointly, and $112,500 for heads of households.
Notably, veterans, individuals aged 65 or older, and those already receiving social benefits will automatically receive the stimulus without the need for any additional action on their part.
The Fourth Stimulus Check eligibility extends to any family member with a Social Security number (SSN). Even if parents are ineligible, their children can qualify with an SSN, provided both parents have ITINs. In a state-specific approach, Arizona pledges annual support of $2,000 to aid workforce reintegration post-COVID-19, while California is offering one-time checks ranging from $600 to $1,200 for individuals earning less than $75,000 annually.
Colorado is set to provide $375 to those who have received unemployment payments within a specified period
In Maine, disaster relief will amount to $285, complemented by $850 support checks to counter inflation. Maryland has allocated $500 and $300 for families and individuals, respectively, who filed an Earned Income Tax Credit in 2019.
Missouri will direct $250 to support mental health workers, nursing homes, and correctional facilities, while New Mexico plans a one-time $750 check for low-income groups not qualifying for federal stimulus. New York is initiating one-time support ranging from $3,200 to $15,600 for those unemployed due to the pandemic.
Vermont is focusing on frontline workers, offering $1,200 to $2,000 through the Hazard Pay Grant Program. The Social Security Expansion Act is poised to have a transformative impact, with various states implementing targeted measures to address specific needs and challenges within their communities.