Monthly internet stimulus check: Who gets it and how much …
Monthly internet stimulus check: Who gets it and how much …

Monthly internet stimulus check: Who gets it and how much …

(MENAFN– ValueWalk) StartupStockPhotos / Pixabay

Without the advent of new federal stimulus checks, it is important that you take advantage of all the available federal benefits that can help you lower your monthly expenses. One such available federal benefit is the monthly broadband supplement. This internet stimulation check could allow families to stay connected as well as lower their monthly broadband bill. However, this monthly internet stimulation check will drop from $ 50 to $ 30 from this month.

Download the entire Ray Dalio series in PDF

Get the entire series in 10 parts about Ray Dalio in PDF. Save it on your desktop, read it on your tablet or email to your colleagues

Q4 2021 hedge fund letters, conferences and more

Voss Capital adds 13.6% in Q4, believes it is the best time “in modern history” to buy value stocks

Voss Capital’s flagship fund, Voss Value Fund, returned 13.6% less fees and expenses in the fourth quarter of 2021. According to a copy of the company’s year-end update that ValueWalk has been able to review, the fund performed significantly better than its benchmarks, the Russell 2000 and Russell 2000 values, in the period. These indices Read more

Internet Stimulus Check: How Much Can You Get?

In addition to providing stimulus checks, Biden’s American Rescue Plan Act also approved a plan to offer monthly subsidies to low-income households to cover the cost of high-speed Internet. The program, called the Emergency Broadband Benefit, has provided a $ 50 monthly grant to nearly 9 million low-income households.

However, the EBB program stopped accepting new applicants in December 2021. Those already enrolled in the program will continue to receive the $ 50 Internet stimulus check until March 1st.

A new program that is already up and running will replace the EBB program. This new program, called the Affordable Connectivity Program (ACP), was launched on December 31, 2021 and is a long-term extension of the EBB program.

This new program will offer a $ 30 Internet Stimulation Check to eligible Americans. In addition to providing monthly grants, the new program also offers a one-time payment of up to $ 100 when purchasing computers and tablets.

“Thanks to the Affordable Connectivity Program, every fourth U.S. household is now eligible to receive a discount on their monthly Internet bill,” Vice President Kamala Harris said last month, adding that 10 million households have already signed up for the program.

Who gets it?

Those who have already signed up for the previous program (EBB) do not have to do anything to be part of the new program. Such households will be automatically transferred to the new program (ACP) if they meet the eligibility requirements. However, it is recommended that previous participants make sure to be a part of the new program.

When we talk about eligibility requirements, those with a household income at or below 200% of the federal poverty line will qualify for the Internet Stimulation Check. The original stimulus program had an income threshold of 135% of the poverty line.

The income limit changes depending on the size of the household. For example, the income limit is $ 25,760 for a household of one, $ 34,840 for a household of two, $ 43,920 for a household of three, $ 53,000 for a household of four, and $ 62,080 for a household of five. For more details about the program, including eligibility requirements, check out the ACP website.

Such an internet stimulus check can help families drastically reduce their broadband bill. Research from Park Associates showed that Americans pay an average of $ 64 a month on their broadband bill. In addition, some service providers offer a plan that costs much less. This means that eligible households with the internet subsidy could use the internet for free.

Updated March 2, 2022 at. 9:46

MENAFN02032022005205011743ID1103790641


Legal disclaimer: MENAFN provides the information “as is” without any warranty whatsoever. We assume no responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality or reliability of the information in this article. If you have any complaints or copyright issues related to this article, please contact the provider above.

Leave a Reply

Your email address will not be published.