Economic Impact Payments

Economic Impact Payments are financial assistance provided by the government to individuals and families to help offset economic hardships caused by events like the COVID-19 pandemic. These payments, often called stimulus checks, are designed to support household income, stimulate economic activity, and provide relief during difficult times. They are typically based on income levels and filing status, and may be issued as direct deposits, checks, or prepaid debit cards. The goal is to help people meet basic needs, such as food and housing, while also supporting the broader economy.