In 2009, the American Restoration and Reinvestment Act was signed into legislation to assist stimulate the financial system in the course of the Nice Recession. The act included a provision for financial stimulus funds, often known as stimulus checks, to be despatched to eligible people and households.
To be eligible for the stimulus cost, people needed to meet sure revenue necessities and file a tax return for the 2008 tax yr. The quantity of the stimulus cost diversified relying on the person’s revenue and submitting standing. Funds had been despatched out through direct deposit or paper test.