Stimulus payments, also known as economic impact payments, are direct payments issued by the government to individuals and families, typically during times of economic hardship. These payments are intended to stimulate the economy by providing people with extra money to spend on goods and services, thereby boosting demand and supporting businesses. Eligibility for stimulus payments is usually based on income levels, and the amount received can vary depending on filing status and the number of dependents claimed. The goal is to provide immediate financial relief and encourage economic activity.
