Stimulus payments have long served as a crucial method for both state and federal governments to support individuals and families during times of financial distress. Whether due to economic downturns, widespread job loss, or unexpected personal hardships, these payments help many Americans meet basic needs.
The last major round of federal stimulus payments came during the COVID-19 pandemic, when three rounds of Economic Impact Payments were distributed nationwide. While those federal payments have ended, several states are still launching their own support programs.
How Stimulus Checks Supported Families During COVID-19
During the peak of the COVID-19 crisis, the U.S. government released three rounds of stimulus payments targeted at low- and moderate-income households. Unemployment soared to levels not seen since the Great Depression, leaving many households without their primary income source.
Between March 2020 and March 2021, these Economic Impact Payments offered vital financial support. Data from the JPMorgan Chase Institute and the University of Michigan shows that families earning less than $25,000 annually saw the greatest benefit.
Although the pandemic-era payments have ended, families had a final opportunity to claim the third and final $1,400 payment during the last tax season. Some missed this opportunity back in March 2021, leading to confusion and rumors about new federal payments. However, no federal stimulus checks are currently scheduled.
California Rolls Out $725 Stimulus Check Program
States like California are taking independent action. The Family First Economic Support Pilot Program (FFESP) is the latest initiative aimed at helping low-income households. Under this program, 200 families in Sacramento County have been randomly selected to receive monthly $725 payments.
Eligibility requires the family to live in specific zip codes (95815, 95821, 95823, 95825, 95828, or 95838), have a child aged 0–5 who lives with them at least half the time, earn less than 200% of the poverty line, and not participate in any other guaranteed income programs. The first round of payments began on June 15, and payments will continue monthly for one year.
New York Offers $1,800 BABY Bonus for New Parents
New York has introduced a one-time $1,800 payment to families welcoming a new baby. Known as the BABY Bonus, this initiative aims to support the high cost of raising a child in one of the nation’s most expensive states. Governor Kathy Hochul emphasized that the goal is to make New York a more affordable and family-friendly state.
The bonus can be used for newborn essentials like cribs, formula, and clothing, or even be saved for future needs such as education. With the federal student loan debt nearing $2 trillion, many families may choose to use this money to kickstart a college fund.
Disclaimer
This content is based on official sources related to government benefits, including stimulus payments, rebates, and tax credits. All details are subject to change by the issuing authorities. Refer to official government resources for the most accurate and up-to-date information.
FAQs
Who qualified for COVID-19 stimulus checks?
Families and individuals earning below income thresholds set by the IRS, particularly those under $75,000 annually.
What is the FFESP program in California?
A pilot program offering $725 monthly to 200 low-income families with young children in Sacramento County zip codes.
Is New York’s BABY Bonus still active?
Yes, eligible families receiving a newborn may qualify for a one-time $1,800 payment to support early childhood needs.
Can I still claim a past COVID-19 stimulus check?
The final chance to claim the $1,400 third payment was during the most recent tax season and is no longer available.
Edward is a passionate finance blog writer with a knack for breaking down complex financial topics into clear, actionable insights. With years of experience in personal finance, investing, and economic trends, he helps readers make smarter money decisions. Whether it's budgeting tips, stock market updates, or strategies for financial independence, Edward delivers practical advice to empower everyday investors.