Monday, April 19, 2021

Rep. Adriano Espaillat: New York Veterans to Receive $1,400 Payments from American Rescue Plan

 

Representative Says Many New Yorkers Who Receive Veterans’ Benefits and Have Not Yet Received Their Economic Impact Payment Could Expect Electronic Payments to Hit Bank Accounts This Week

 Rep. Adriano Espaillat (NY-13) announced today that many New Yorkers who receive Veterans’ benefits could expect Economic Impact Payments of up to $1,400 hit their bank accounts beginning this week. Many New Yorkers have already received Economic Impact Payments as part of the American Rescue Plan that Rep. Espaillat helped pass.

  • The latest round of payments applies specifically to veterans and their beneficiaries who receive Compensation and Pension (C&P) benefit payments and who don’t normally file a tax return.
  • Most payments will be automatically deposited into banks accounts or loaded onto the Direct Express cards where veterans receive their benefits. Those waiting on paper checks or debit cards through the mail should expect to receive their payments over the next several days.
  • In most cases, these payments are automatic and no action is necessary to receive them. Rep. Espaillat encourages all New Yorkers to use the “Get My Payment” tool from IRS.gov to check the status of their payments and make sure they receive the money they are owed.

“Help is here, and we want to make sure that New York veterans get the money that is rightfully theirs,” said Rep. Espaillat. Many New Yorkers have already received their payments. In total, over 80 percent of New York State adults are expected to receive Economic Impact Payments of up to $1,400 per person through the American Rescue Plan that House Democrats and myself helped pass.
 

  • How Many New Yorkers Will Get Payments: According to the White House, more than 11.3 million adults and 4.4 million children in New York are eligible to receive payments of up to $1,400 per person through the American Rescue Plan that Rep. Espaillat helped pass into law. That means 82 percent of all New York adults and 82 percent of all New York children in the state are set to receive payments.
  • Who is Eligible for Payments: The American Rescue Plan that Rep. Espaillat helped pass into law included Economic Impact Payments of up to $1,400 per person. Combined with the $600 down payments enacted in December, these additional checks will finish the job on Democrats’ promise to put $2,000 in Americans’ pockets. Individuals earning up to $75,000 annually, heads of household earning up to $112,500 annually, and couples earning up to $150,000 annually will receive the full $1,400 per person, for themselves and their dependents. After that, the checks begin to phase out, with payments stopping at individuals earning $80,000 in annual income, heads of household earning $120,000 in annual income and married couples earning $160,000 in annual income.

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