$1,390 stimulus checks: Who's eligible for relief pay out from IRS? Date and mode of payment
Here's all you need to know about when, where, and who will receive these payments:
Eligibility criteria
Since this stimulus check is meant to benefit lower-ranking sections of society, eligibility is determined by the beneficiary's income and tax status. These people are most likely to qualify for receiving this payment:
• Single taxpayers with an income up to $75,000
• Married couples filing jointly with an income of up to $150,000
• A head of household with an income up to $112,500
• People on federal benefits like SSDI, SSI, and VA programs
• Families with dependents may get extra money
A huge indicator that might be receiving these payments would be people who have received similar benefits in the past as well.
When will these checks be circulated?
No official date for releasing the payments has been announced by the IRS as of now. However, these checks are expected to start being delivered in mid-2025, meaning that the process could start sooner than later.
How will I receive my payment?
Depending on the mode of payment selected by the beneficiary for receiving other benefits, here are the possible ways to receive your check:
• If your bank account details have already been filed with the IRS or Social Security, your check will likely come by direct deposit, which is the fastest mode of receiving payments.
• In case the bank account details of a beneficiary aren't filed in, payments will be sent via traditional paper checks, which could take longer.
• Some people may also receive their benefits in the form of a prepaid or EIP debit card.
With contribution from Stuti Gupta
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Hindustan Times
an hour ago
- Hindustan Times
Earning More but in Worse Shape: Hardship Overwhelms Many American Families
Meazler earns $37,500 a year, working for a nonprofit that helps connect new mothers with services. She owns her own home, a small house with blue siding and a backyard in a quiet neighborhood outside Binghamton. Some nights, Meazler, 43, wonders how far it's gotten her. She hasn't been able to afford to take the girls, ages 7, 13 and 22, on a real vacation for years. She winces when her middle child, Emmi, asks why she can't make 'normal dinners' like other families, referring to the home cooked meals Emmi eats with friends instead of the cheaper frozen food her mom serves. Meazler tells her they don't have money like other families. 'We're fine, Mom,' Emmi said, plopped down on the living room couch after basketball practice. 'We are fine,' Meazler smiled. Away from her children, Meazler's blue eyes fill with tears. Her credit cards are maxed out. She's constantly behind on her cellphone bills. She usually pays her $865 mortgage late, like she did around Christmas, to have enough cash to buy her girls extras. In December, she got a letter from the county social services department approving her for $253 in monthly food assistance. 'Sometimes I think, 'Where did I go wrong?'' she said. Nearly 10 million American children are living in poverty, the most since 2018, according to the latest Census Bureau figures from 2023. Tens of millions more—like the Meazler kids—are precariously close. Their families have been pushed to the edge by a storm of economic factors, including the expiration of Covid-era relief programs and the impacts of inflation on food and housing. The strain is expected to be worsened by cuts to federal spending on aid programs, including food benefits and Medicaid. President Trump on July 4 signed legislation passed by Congress that reduces funding and tightens work requirements for government assistance, and will likely result in less food aid and millions losing health coverage. Lisa Meazler, here with her daughters Emmi and Averi, has an income above the official poverty level but struggles financially. Even before the new cuts, several markers show that households with children are falling behind, though statistics around poverty have been complicated by the upheaval the pandemic brought to jobs and living arrangements, and the unprecedented federal aid distributed in response. The share of families with children living in poverty jumped to 12.9% in 2023, the most recent year available, after plummeting to a record low of 5.6% in 2021, driven down by temporary pandemic programs like the expanded Child Tax Credit and extra unemployment insurance, according to census data compiled by the Center on Poverty and Social Policy at Columbia University. Poverty for all ages has inched up, but no other age demographic has seen a sharper rise in poverty between 2021 and 2023 than children, data compiled by the center show. The Columbia center used the census's supplemental poverty measure, a metric that accounts for a family's income after taxes, government benefits and location. Many economists view it as a more accurate way to examine families' financial well-being than the census's official poverty measure, an older calculation that relies on pretax income and is used to determine eligibility for public assistance. (The older calculation typically shows even higher rates of child poverty.) Millions more kids live in households that are just barely scraping by. Around 35 million kids—nearly half of all in the U.S.—lived in households under the line that many economists view as the bottom rung of the middle class, according to 2023 census data compiled by Luke Shaefer, a University of Michigan economist who studies child poverty. That number of children is the highest in five years, Shaefer said. For a family of two adults and two kids, the dividing line is a maximum net income of about $75,000, including government benefits. 'For every one child below the poverty line, there are two to three more above it but still too close for comfort,' Shaefer said. They're in 'families whose lives are a constant grind of working hard but never making it. The gains we made during the pandemic were lost.' Meazler, right, sorted clothing donations with co-workers at the Mothers & Babies nonprofit. Pressure on food banks The loss is clear in Broome County, in south-central New York state, where postindustrial cities like Binghamton are flanked by hills and woodlands. More than a quarter of the county's 36,100 children were living in poverty in 2022, an increase of nearly 50% from 2021, according to census modeling estimates used for counties. The rate dipped in 2023, but despite that, nonprofits helping families under financial duress have seen demand soar to nearly unprecedented levels over the past year. The Food Bank of the Southern Tier received more than 92,000 requests for food for children in the county through three of its main local programs in 2024, about 9,000 more than in 2023, and nearly double the number in 2019. The Broome County Urban League ran out of its 2024 rental assistance money for families last November, weeks earlier than usual, unable to keep pace with need. At Mothers & Babies, the private nonprofit where Meazler works, referrals to help provide new moms with everything from cribs to baby clothing doubled in a year. Meazler sees herself in many of the mothers she meets with—working jobs that barely cover the basics anymore. Up late, trying to figure out which government aid programs might help and which bills they can push off. Unable to save a dime. Situated about 70 miles south of Syracuse, with a population of roughly 196,000, Broome County has had high child poverty rates over the past decade. It wasn't always this way. IBM was born here, when three of the earliest information processing companies merged in 1911 and established headquarters in the village of Endicott amid neighborhoods of Italian immigrants who worked in a local shoe factory. With a sprawling campus near the Susquehanna River, IBM provided generations with manufacturing jobs and financial stability. The company's presence in Broome County began waning in the 1990s, as it moved production elsewhere and laid off workers. The company sold its campus in 2002, while continuing to lease some of the buildings. That ended in 2023, and demolition of the company's gray, hulking office buildings in Endicott—long vacant—began on Dec. 31. 'IBM's closing threw the local economy into a depression,' said Komla Dzigbede, who chairs the Public Administration and Policy department at Binghamton University, part of the New York state school system. 'In many ways, it has never fully recovered.' Still, there have been signs of an economic resurgence, he said. Using 2023 dollars, the median household income in Broome County, for example, increased to an estimated $63,590 in 2023 from $59,044 in 2013. The demolition of IBM buildings at the Endicott manufacturing complex in June. Luxury student housing in Binghamton. The university is now the county's main economic engine, along with several hospitals, and has increased its annual enrollment by about 2,000 students over the past decade while also adding several hundred employees. Rents have risen and luxury apartments added as landlords cater to professionals and students from elsewhere who can afford to pay more. Rents in Broome County have nearly doubled over the past several years, according to Zillow, from $694 in May 2018 to $1,292 in May 2025 for a 'typical' apartment, which Zillow defines as the average of the middle-third of rents on the market. In downtown Binghamton, a high-rise offers luxury housing for students. As it did elsewhere, temporary Covid benefits briefly helped cut the child poverty rate in Broome County in 2021, dropping it to a decade low of 17.6%, according to census figures. The expanded Child Tax Credit, for example, included in the Biden administration's American Rescue Plan in 2021, gave working families around the country an extra $1,000-$1,600 per child, depending on age. The credit expired at the end of that year. The next year, Broome County saw its child poverty rate jump to 27% before dipping back down to 19.8% in 2023. Local social service groups said they weren't certain what drove down the rate. On the ground, they said they are seeing more families struggling. 'We are dealing with a broken system where minimum wage does not come close to covering living expenses for a family,' said Christie Finch, deputy director of Mothers & Babies. 'Many families are choosing between paying the rent and buying groceries or paying for heat.' Last year, her group doled out clothing and baby items to 174 families, up from 86 in 2023. And in the first half of 2025, her group assisted 151 families with food aid, compared with 90 families during the same period in 2024. Keeping up with inflation The county had an average unemployment rate of just 4% last year. Longtime social service workers said they've been struck by families whose salaries have risen, yet are struggling more than ever. Wages have gone up for low-income earners, as with other economic groups, said Abigail Wozniak, a labor economist at the Federal Reserve Bank of Minneapolis. Federal data, however, show the poorer households have been hit harder by inflation over the past four years, according to analysis by Jeff Horwich, senior economics writer at the bank. Low-income earners spend a greater portion of their money on housing and food, which have both seen prices rise dramatically, noted a recent report from the Federal Reserve Bank of New York. Some working families in Broome County are now leaning more on public assistance for help. But if their salaries increase, even slightly, their eligibility for state and federal assistance could be reduced. Jennifer Lesko, chief executive of the Broome County Urban League, said her caseworkers are seeing clients lose some of their food or housing support after getting raises or overtime shifts. 'It just boggles my mind when you have someone who makes just a few dollars more during a pay period and then loses benefits right away,' she said. 'We are seeing it much more frequently now.' Felica Allen, a 39-year-old nursing assistant and single mom, works the graveyard shift in the emergency room at UHS Wilson Medical Center near Binghamton before returning home each morning to care for her four children, ages 3, 12, 14 and 17. A fifth, 22, moved out in September. Allen's $20 an hour salary rose last year to $22.90, which amounted in 2024 to about $39,000 for the hours she worked, including bonuses and overtime. That's more money than she's ever made and not far above the federal government's supplemental poverty threshold for her family size. It still doesn't come close to covering her expenses, she said, and her financial situation has worsened despite earning more. Allen, with Nishayia at a park, said she makes more money now than ever but that it isn't enough to cover her family's expenses. Before Christmas, a letter from the county social services department arrived, saying her monthly Supplemental Nutrition Assistance Program benefits, the official name of the federal food assistance program, were being slashed from nearly $1,000 to $564 because she's now making more in wages. Federal food aid is calculated through a formula that considers income and family size. 'I literally went to work in tears that night I found out,' Allen said. 'Like how do I feed my family now when I was barely making ends meet before?' Last summer, she moved from a two-bedroom home to a five-bedroom for $1,950 through Section 8, a federal housing program for low-income people, which covers $750 of the rent. Allen pays the remaining $1,200. After taxes, she takes home between $2,400 and $2,600 a month based on her hours. Monthly expenses add up: $162 for the car she is still paying off; $287 for car insurance; $400 for phone and internet; and electricity bills that can run more than $500 because of back payments. Whatever Allen has left over, she spends on toilet paper, toothpaste, household cleaning supplies, gas and groceries. In March, she decided to reduce her official weekly work hours from 32 to 26 so she could get back $220 in food benefits. She has managed to take on extra shifts when they pop up at the hospital, to make up the difference in salary. Even with her raise, the rent is perpetually late, and Allen borrows from her sister, aunt and closest friends to cover it. The fathers of her children aren't involved in their lives, and she has little contact with them, Allen said. She said she feels trapped in an interminable game of whack-a-mole, figuring out which bills she needs to pay right away and which she can get away with putting off. In recent months, the utility threatened to cut off her power because she'd fallen so far behind on her bill. 'I don't want any debts. I don't want to owe anybody anything,' she said. Allen took her daughter Nishayia to the park on a day off in June. Allen loves the bustle of the ER; it's a welcome distraction from her own hardships. She's on the verge of completing her GED and dreams of enrolling in a program to become a registered nurse. But she wonders when she'd find the time. She gets back from the hospital at 7:30 a.m., and shuttles her children to school. Her 3-year-old stays with her, and Allen tries to close her eyes when the toddler naps. She readies dinner, gets the kids to bed and heads off to work before her shift starts again at 11 p.m. Her 17-year-old daughter, Malajia, watches the younger children at night while she's gone. Allen said she feels pain in the things she can't afford and grapples with depression. Aside from a few Christmas gifts she got for her kids through charity programs such as Toys for Tots, she had to wait until February when her tax refund arrived to afford holiday presents. She used some of the $8,000 she got back this year, mostly from a tax credit that incentivizes low-income people to work, to buy a new PlayStation, gaming chair and gift cards for her kids. The rest she used to buy clothes for her youngest and to try to catch up on rent and bills. Meazler, who works at the nonprofit for new mothers, also had plans for her tax refund this year. After mortgage payments, car repairs and other expenses, she used a portion to take the girls to visit her ailing mother in Georgia, whom she hadn't seen in two years. Meazler still wasn't able to buy Emmi the bigger bed she's been asking for, or a scooter like her friends have. She said she is cordial with the father of her two youngest, who takes the girls from time to time, but prefers to only ask him for money in an emergency. Her 22-year-old recently got a part-time job working at Subway for $15.50, the minimum wage in much of New York state. The trip to Georgia was something the family could look forward to. Meazler set aside $800 from the refund to pay for a rental car and gas for the 2,000 mile round trip drive. One morning, during their weeklong stay at her mom's house, Meazler took the girls to Panama City Beach, a few hours away. They bought $5 boogie boards from a Five Below store and ate pizza. Meazler remembered smiling as she watched her girls laugh and toss a football through the surf until it got dark. For once, her troubles seemed far away. Days after driving home to Endicott, her mother was hospitalized with renal failure. Meazler had to take off work and spent the last of her tax refund on a flight back to Georgia. She quickly fell behind again on her mortgage payments for April and May. 'It feels like I've been in survival mode my whole life. Worked and worked and worked,' she said. 'Worked for nothing.' Write to Dan Frosch at Earning More but in Worse Shape: Hardship Overwhelms Many American Families Earning More but in Worse Shape: Hardship Overwhelms Many American Families Earning More but in Worse Shape: Hardship Overwhelms Many American Families Earning More but in Worse Shape: Hardship Overwhelms Many American Families Earning More but in Worse Shape: Hardship Overwhelms Many American Families
Mint
2 hours ago
- Mint
Swiss Stocks Decline on US Tariffs, Push for Lower Drug Prices
Swiss stocks dropped as the market reopened after a holiday, on worries about the impact from US President Donald Trump's punitive 39% export tariff and a push for drugmakers to lower prices. The Swiss Market Index fell as much as 1.9% Monday, although it pared declines to 0.5% as of 3:47 p.m. in Zurich on optimism that the levies will ultimately be a tool to drive trade negotiations. The benchmark is now up about 1.6% for 2025. Drugmakers Novartis AG and Roche Holding AG, which account for almost 30% of the index, dropped 0.3% and 1.6%, respectively. UBS Group AG fell 0.5% after earlier sliding as much as 3.4%, while shares of Cartier owner Richemont SA declined 1.5%. London-listed Watches of Switzerland Group Plc rebounded 6.4% after slumping 6.8% on Friday. The Swiss franc fell for a second day against the euro, sliding 0.3%. It had weakened 0.5% on Friday, the biggest drop since May, after Trump's announcements late last week. The equity market was closed Friday. 'The Swiss market is proving resilient and that's because there's hope that a deal will eventually be made with the US,' said Frederik Ducrozet, chief economist at Pictet Wealth Management. The Swiss government said on Monday it was determined to make the US a more attractive offer on trade terms. European stocks dropped on Friday by the most since April after Trump unveiled the broad slate of levies, including on Canada, New Zealand and South Africa. The president also sent letters to 17 of the world's largest drugmakers, insisting they immediately lower what they charge Medicaid for existing drugs. Switzerland, known for its luxury watches, rich chocolates and banking giants, is one of the US's biggest trade partners. Last year, it exported more than $60 billion of goods to the US, including medical devices and Nespresso coffee. Pharmaceuticals are also a key export and one of the main reasons the Alpine nation has a bilateral goods trade surplus with the US of about $38.5 billion. Drugs are exempt from the new tariffs for now, but Swiss officials said the sector will still be burdened and could face separate levies. Both Roche and Novartis have been making overtures to the US, pledging in recent months to invest more than $70 billion in research, manufacturing and distribution in the country to address the Trump administration's concerns about local production. Roche's US subsidiary, Genentech, and Novartis were among the 17 drugmakers to receive the letter from Trump last week. He also asked them to guarantee future medicines be launched and stay at prices on par with what they cost overseas. 'Even if pharmaceutical products are exempt from tariffs for the time being, the US government is putting the global supply of innovative medicines at risk,' the trade group Interpharma, which represents the Swiss industry, said Friday. 'This also affects research-based pharmaceutical companies in Switzerland and the supply in Switzerland.' After a strong start to the year, the Swiss Market Index has trailed the Stoxx Europe 600 partly due to the Swiss market's heavy exposure to defensive stocks. Investors have instead piled into so-called cyclical sectors on optimism around resilient global economic growth. If the US tariffs are confirmed, it will mean Switzerland has the fifth-highest tariff worldwide, after Brazil, Syria, Laos and Myanmar. It will also be significantly more than the European Union and the UK. 'What we're facing this week in Switzerland is very similar to what happened at the beginning of April with the first announcement of US tariffs,' said Arthur Jurus, head of the investment office at Oddo's private wealth management unit in Switzerland. 'Visibility on tariffs, notably on what will apply further down the road on pharmaceuticals, is a real problem.' 'That said, counter-intuitively, the safe haven provided by the Swiss franc might edge off some of the pressure on the equity market,' he said. With assistance from Allegra Catelli, David Goodman and Naomi Kresge. This article was generated from an automated news agency feed without modifications to text.
The Wire
3 hours ago
- The Wire
The US Has Junked the 'Rules-Based Order'. Here's What it Means for the World
Rights This is a most dangerous time for the world and, in particular, for those countries which need a few more decades of stability and global cooperation to pull themselves out of poverty. President Donald Trump arrives, followed by a bagpiper band, at the opening ceremony for the Trump International Golf Links golf course, near Aberdeen, Scotland, Tuesday, July 29, 2025. Photo: AP Photo/Jacquelyn Martin. The United States has 34 crore people (the size of Uttar Pradesh and Bihar combined). Americans represent four per cent of the global population and they are the biggest beneficiaries of what the US called the ' rules-based order '. This order, imposed by the United States and its European allies after the Second World War, seeks global cooperation through institutions like the United Nations and also the World Trade Organisation. Americans refer to their president, unironically, as the 'leader of the free world'. America's per capita income is almost $90,000, according to one of the institutions of the 'rules-based order', the International Monetary Fund. India's per person income is less than 1/30th, at under $3,000. The US economy has surged over the last few decades because its companies have sent their products — like aircraft, phones and computers — and services — like social media companies — around the world, where they dominate. Even with the recent downward revision in their jobs numbers, the US is running at what is referred to as full employment, meaning that joblessness is around four per cent, which is optimal. This means that from the standpoint of income and jobs, the US is in a very good place, particularly when compared to nations like India, where poverty and joblessness, particularly in the absence of regular, salaried employment, are a serious problem. And yet the US is unhappy with the world, which it says is 'ripping it off', in the words of US President Donald Trump. He has reversed this theft, as he sees it, by making it more difficult for countries to export their products into the US. America is India's largest export market, and a 25% tariff on our goods will weaken demand, hurting our exporters. There is no getting around that fact. If the tariffs remain, our interests will be harmed, no matter who ultimately pays the tariff. There is no meaningful debate inside America's democracy of whether the actions taken by President Trump harm the global rules-based order and its friends and allies, to say nothing of poorer nations. What the US has done is tear up the system where tariffs existed, but were used under a system of WTO rules and regulations that could be appealed. The US has disregarded that, and weakened the system that for decades has served it well. In doing so it is damaging the rest of the world. There is a second disregarding of the rules-based order and that is the American enabling of the genocide in Gaza. Ever eager to free the world from tyranny and despotism through war, the US has protected Israel while it massacres and starves thousands of Palestinians, and wages illegal war on Iran. The majority of the world's nations have called for an end to the horror in Gaza, through their vote in the United Nations General Assembly, but the US has used its veto to allow this 21st century holocaust to continue. Like in the matter of the tariffs, the US is telling the world that it is leaving the rules-based order and prefers to use its strength to extract, and even extort, what it can from the world. There are a few things that we can take away from these actions. One is that America has now set a new precedent. The next nation that becomes powerful will have an example of how to behave with weaker nations, and that 'might is right' is as legitimate as a 'rules-based order'. There is today quite weak resistance to this from the Global South, and the fissures inside BRICS, which we need not go into here, have helped American bullying. The second is that we should seriously consider what the benefit of our personalised style of diplomacy has been. We have thrown away decades of institutional consensus on matters like Palestine, for a hug with the Israeli leader. All the honours we have bestowed on the US President, whether in rallies here or there, and indeed encouraging Indian Americans to vote for him, have not produced any benefit or even mercy. Emperors do not listen to anything other than the voice inside their head but this must be said nonetheless. The last thing that we should consider is what is agitating the US at this point in time. Why is it, given the wealth and power it has and its comfortable economic situation, that the US is going through this spell of madness? The answer is to be found in the rise of the Global South, and in particular, the rise of China. If things continue as they have been for the last 30 years, in a decade or two the US will for the first time in more than a century not be the largest economy in the world. This is unacceptable to what is called 'the West'. It will not be able to continue doing what it has done for centuries in North America, in Australia, in South Africa, or what it is doing today in Palestine. As the rest of the world grows equal to the West, its ability to control and dominate is slipping. It has given up on the 'rules-based order' for this reason, and is resorting to pure might. This is a most dangerous time for the world and, in particular, for those countries which need a few more decades of stability and global cooperation to pull themselves out of poverty. Aakar Patel is the chair of Amnesty International India. He posts on X @aakar_patel. 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