Millions of Americans are looking forward to some much-needed financial relief this month. The government has announced $1,702 stimulus payments for people who qualify, and these payments will start going out in June 2025. With inflation and rising costs continuing to impact many families, this extra cash could be a lifeline for those trying to keep up with bills, groceries, or rent. Here’s everything you need to know about who will receive the payment, when it will arrive, and how to make sure you don’t miss out.
Why Are People Getting This Stimulus Money?
The government approved these new stimulus payments to provide financial support to Americans still struggling after the economic challenges of the past few years. While many individuals have recovered financially or found new employment, millions of families are still dealing with high prices for food, gas, and housing. The $1,702 payment is designed to give people some extra money to help them stay afloat.
In addition, these payments aim to:
- Support seniors, individuals with disabilities, and low-income families who continue to face rising costs.
- Stimulate local economies by putting cash directly in people’s hands.
- Provide relief to those who rely on Social Security, Supplemental Security Income (SSI), Social Security Disability Insurance (SSDI), or Veterans Affairs (VA) benefits.
Who Qualifies for the $1,702 Stimulus Payment?
Not everyone will be eligible for this payment. To qualify, you must meet certain criteria:
- Be a U.S. citizen or legal resident.
- Have an annual income below a set limit (usually under $75,000 for single filers or $150,000 for married couples).
- Receive benefits from Social Security, SSI, SSDI, or VA.
Some states or local governments may also have their own requirements or additional payments. Therefore, it’s a good idea to check your state’s website to see if any specific rules apply to you.
When Will the Payments Be Sent?
The $1,702 payments will be sent out throughout June 2025. The exact date you’ll receive your payment depends on when you typically receive your Social Security or other federal benefits. Here’s a simple breakdown of the payment schedule:
| Birth Date or Benefit Schedule | Payment Date |
|---|---|
| 1st – 10th of the month | June 12, 2025 |
| 11th – 20th of the month | June 19, 2025 |
| 21st – 31st of the month | June 26, 2025 |
If you don’t receive your payment by early July, experts recommend checking your bank account first. If the payment isn’t there, then you can contact the IRS or Social Security Administration to inquire about the status.
How Will the $1,702 Payments Arrive?
The way you’ll receive your payment depends on how you typically get your benefits or tax refunds. Here’s what to expect:
- If you receive Social Security or SSI benefits by direct deposit, your stimulus payment will be deposited directly into your bank account.
- If you receive paper checks for your benefits, you’ll receive your stimulus payment in the mail.
- Some people may receive their payment via a prepaid debit card.
It’s important to stay on top of your mail and bank accounts during June to ensure you don’t miss your payment.
What Should You Do to Make Sure You Get Paid?
To ensure you receive your $1,702 payment without any issues:
- Update Your Information: Make sure your mailing address and bank account information are up-to-date with both the IRS and Social Security Administration.
- Monitor Your Mail and Bank Account: Keep an eye on your mail and check your bank account regularly in June.
- Beware of Scammers: Be cautious of anyone claiming to be the IRS and asking for your personal information to process your payment. The IRS will never call, text, or email you requesting your Social Security number or bank details. If someone does, it’s a scam.
Don’t Miss This Chance for Financial Relief
This $1,702 stimulus payment could provide a significant boost to millions of Americans trying to manage rising living costs. If you qualify, make sure to keep track of your payment date and stay alert for your direct deposit or check. With so many still feeling the effects of higher prices, this payment could help you catch up on bills, stock up on groceries, or simply provide some breathing room in your budget.
