An IRS stimulus verify is a one-time cost issued by the Inner Income Service (IRS) to eligible people and households in the US. The aim of a stimulus verify is to supply monetary aid throughout occasions of financial hardship or to stimulate financial exercise.
Stimulus checks have been issued in response to varied occasions, such because the COVID-19 pandemic and the Nice Recession. The eligibility standards for stimulus checks differ relying on the precise laws that authorizes them. Typically, people and households with low to average incomes are eligible for the complete quantity of the stimulus verify, whereas these with larger incomes could obtain a decreased quantity or no cost in any respect.