Navigating the different forms that are available to the common American taxpayers to see if Stimulus Checks and disaster distribution are the same. With the constant attack of the COVID-19 pandemic on the economy of the world, almost every country around the globe has helped their compatriots with financial support to lighten the burden upon their citizens.
In the states, the federal government provided three rounds of stimulus checks to their taxpayers. However, they have also offered disaster relief payments that are given out in cases of natural disasters. While both these payments are cash support from the federal government for those who need it. These are distributed for different reasons and need different eligibility criteria. So, confusion arises in the heart of the people, are these payments the same? Well, we are there to clear the confusion.
The Main Difference Between Disaster Distribution And Stimulus Check
Stimulus checks are often said as economic impact support. Thee are payments provided by the federal government to eligible taxpayers to help them make the ends meet at times of uncertainty. The stimulus check payments are based mostly on the status of your tax filing and your level of income. These stimulus checks payments were offered by states to their taxpayers after the federal government stopped providing the taxpayers with one.
However, the disaster distribution is completely different from the stimulus check payments. These are also made by the government for businesses or individuals but the condition is you have to suffer a natural disaster. These payments are going to help the survivor to cover the expenses and losses they suffered from the natural disaster. At the start of February, the IRS advised that recipients hold off on submitting their taxes until the verdict was reached.
