SSI SSDI Social Security | Stimulus Check Update | $1400 Stimulus Check

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Hey everyone, this is your stimulus check update $1400 stimulus check update and stimulus package update for Thursday February 11th.

This video is for those of you on SSI, SSDI and Social Security and anyone else wondering about the $1400 third stimulus check and stimulus package.

Correction from last video about Unemployment Benefits
$400 Per Month was incorrect, it is $400 per week unemployment benefits as part of the $ Trillion Dollar stimulus plan

Did not get your first or second stimulus check?
I've heard from many people in the comments of my previous videos that they still haven't received their first or second stimulus checks.

Remember that if you were claimed on someone else's taxes, you are not eligible for the first or second stimulus checks.

However, if you were not claimed and are below the income limits, you should be eligible for the first and second stimulus checks.

Previously I have asked you to check out the IRS Get My Payment tool, but as of January 29th, the IRS Get My Payment Tool will not be updated anymore:

So if you checked as recently as January 29th and you don't have a payment date, and if you didn't receive your first or second stimulus checks, or didn't receive the full amount that was owed you, you will need to file taxes to claim them as a Recovery Rebate Credit.

Even if you are on SSi, SSDI, or Social Security and are not required to file taxes, if you were eligible but didn't receive your first or second stimulus checks, you must file taxes to receive them.

I will be doing a video that's more in depth about how to do this for those of you that don't usually file taxes, so be watching for that.

$1400 Stimulus Checks - SSI, SSDI, Social Security recipients are eligible

$15 Per Hour Minimum Wage - One of the potential sticking points
President Joe Biden met with multiple CEOs of major companies yesterday at the White House to garner support for his $ Trillion Dollar stimulus plan, including the $15 per hour minimum wage proposal.

President Biden, Vice President Kamala Harris, and Treasury Secretary Janet Yellen met with the chief executives from Walmart, Gap, Lowes, and JP Morgan Chase earlier this week.

During their 90 minute meeting they discussed the proposed $15 per hour minimum wage as well as other ways to help stimulate the economy.

A report by the Congressional Budget Office released on Monday found that about $ million jobs would be lost if minimum wage were raised to $15 per hour.

In addition to those jobs it would cost, many others are concerned that raising minimum wage to $15 per hour would increase costs of basic necessities

For those of you on SSI, SSDI, and Social Security one of the biggest problems you face is the rising costs of food, housing and healthcare.

As the minimum wage is raised many of these basic necessities also increase because the businesses are having to pay out more to their minimum wage employees, and they usually pass on those costs to the customer.

So it will be interesting to see if the $15 per hour minimum wage stays in this latest stimulus plan.

Timeline for the Third Stimulus Check
I continue to get asked about the timeline for the third stimulus

While there is no definitive date at this point, Nancy Pelosi has said that she wants a deal done in the House in the next two weeks.

If the Senate passes a bill soon thereafter, the third stimulus check could be coming early to mid March.

In my opinion, that is the best case scenario at this point.

There is still a lot to finalize with this stimulus package, but for now that's the timeline we are looking at.

Most likely it will be mid to late March for the third stimulus check.

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This has been your third stimulus check update for SSI, SSDI, and Social Security.

#stimuluscheckupdate #thirdstimuluscheck #socialsecuritystimuluscheck

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