Who's Getting the $487 Stimulus Checks on October 17? Here's What you Need To Know To Qualify!

Frontline employees will get a $487 stimulus check for their efforts in combating COVID-19.

On October 3, Governor Tim Walz announced the direct payment, with up to 1,025,655 workers eligible to receive a stimulus check. On Twitter, Lieutenant Governor Peggy Flanagan subsequently verified the news.

Who is Eligible For a $487 Stimulus Check?

Minnesota citizens who held such jobs during the most recent tax year are eligible for the $487 award. Direct deposit recipients will get their funds within 7 to 10 business days, which implies they will receive them during the week of October 17.

Those who chose a pre-paid debit card must wait three to four weeks. The original plan was for 667,000 frontline staff to get $750 bonuses as part of a $500 million investment. However, when the payout was increased to cover more people, the payments became lower.

Walz stated that the state's frontline employees put themselves and their families safety on the line every day to keep the pandemic virus at the borders of the residents' properties. They did a lot for the community throughout the outbreak, and they deserve this tiny tribute from their end.

Millions of Americans Are Still Eligible For Stimulus Payment

According to an internal watchdog, up to 10 million people in the United States are still entitled to receive relief checks from previous COVID-19 stimulus checks provided they file a tax return.

Americans with little to no income who are not compelled to pay taxes would be forced to complete a simplified tax return to get their benefits. According to a blog post published Tuesday by the US Government Accountability Office, they have until November 15 to finish their tax filings (GAO).

Taxpayers who have not yet received their checks may also file a claim. They do, however, have until October 17 to file their tax return. People without tax returns, first-time filers, mixed-immigrant status families, persons with limited to no internet access, and homeless people may be among those who have yet to receive funds owing to them.

The GAO's blog post comes as gas prices are expected to rise further following OPEC+'s reduction in supply. According to the American Automobile Association, the national average for a gallon of petrol was $3.92 on Tuesday.

Many Mainers are concerned about a rise in gas costs, fearing they will not be able to keep their houses warm this winter due to increased heating oil prices and general inflation, as per Marca.

Could New Direct Payments Arrive Before 2022 Ends?

A recession is an economic slump that happens when two consecutive quarters of economic decline occur. If the country's GDP decreases for two quarters in a row and other worrying economic indicators, such as high unemployment rates, the country will be officially in a recession.

If this happens soon, lawmakers may resort to a tried-and-true strategy for coping with economic contraction: stimulus checks. These direct transfers into people's bank accounts were made in reaction to the COVID-19 outbreak and the ensuing economic upheaval.

They have also been distributed during previous recessions. Americans, for example, got compensation during the Great Recession, which lasted from 2007 to 2009. Sending money into individual bank accounts is a common reaction to a recession since it works extremely effectively to generate demand and get the economy rolling again.

Because politicians have done it before, it may happen again when a recession is formally proclaimed. While there is a history of politicians reacting to recessions with stimulus funds, this does not ensure another check.

When a recession occurs, a lot relies on the composition of Congress. Another payout becomes more possible if Democrats maintain and even increase their majority in Congress. However, if Republicans gain control of either the House or the Senate, they may be able to prevent further relief payments, The Ascent via MSN reported.