(MENAFN-ValueWalk) StartupStockPhotos / Pixabay
With no new federal stimulus checks coming, it’s important that you take advantage of any available federal benefits that can help lower your monthly expenses. One of these federal benefits available is the Monthly Broadband Subsidy. This internet stimulus check could allow families to stay connected, as well as reduce their monthly broadband bill. However, that monthly internet stimulus check will drop from $50 to $30 starting this month.
Get the full Ray Dalio series in PDF
Get the entire 10-part series on Ray Dalio in PDF. Save it to your desktop, read it on your tablet, or email it to co-workers
Q4 2021 Hedge Fund Letters, Talks & More
Voss Capital adds 13.6% in the fourth quarter, thinks it’s best time ‘in modern history’ to buy value stocks
Voss Capital’s flagship fund, the Voss Value Fund, returned 13.6% net of fees and expenses in the fourth quarter of 2021. According to a copy of the company’s year-end update, ValueWalk was able to examine, the fund significantly outperformed its benchmarks, the Russell 2000 and the Russell 2000 Value, over the period. These indexes Read more
Internet Stimulus Check: How Much Can You Get?
In addition to providing stimulus checks, Biden’s American Rescue Plan Act also approved a plan to provide monthly subsidies to low-income households to cover the cost of high-speed internet. The program, called Emergency Broadband Benefit, provided a monthly subsidy of $50 to nearly 9 million low-income households.
However, the EBB program stopped accepting new applicants in December 2021. Those already enrolled in the program will continue to receive the $50 internet stimulus check until March 1.
A new program, already operational, will replace the EBB program. This new program, called Affordable Connectivity Program (ACP), was launched on December 31, 2021 and is a long-term extension of the EBB program.
This new program will offer a $30 internet stimulus check to eligible Americans. In addition to providing monthly grants, the new program also offers a one-time payment of up to $100 with the purchase of computers and tablets.
“Thanks to the Affordable Connectivity Program, one in four American households is now eligible to receive a discount on their monthly Internet bill,” Vice President Kamala Harris said last month, adding that 10 million households have already enrolled in the program.
Who will get it?
Those who are already enrolled in the previous program (EBB) do not have to do anything to be part of the new program. These households will be automatically transferred to the new program (ACP) if they meet the eligibility conditions. However, it is recommended that former participants ensure that they are part of the new program.
As for the eligibility requirements, people whose household income is at or below 200% of the federal poverty level would be eligible for the internet stimulus check. The initial stimulus package had an income limit at 135% of the poverty line.
The income threshold changes depending on household size. For example, the income threshold is $25,760 for a household of one, $34,840 for a household of two, $43,920 for a household of three, $53,000 for a household of four, and $62,080 for a household of five. For more details on the program, including eligibility criteria, see the CPA website.
Such an Internet stimulus check could help families significantly reduce their broadband bill. Park Associates research found that Americans pay an average of $64 a month on their broadband bill. Moreover, some service providers offer a plan that costs much less. This means that with the internet subsidy, eligible households could use the internet for free.
Updated on March 2, 2022 at 09:46
MENAFN02032022005205011743ID1103790641
Legal disclaimer: MENAFN provides the information “as is” without warranty of any kind. We assume no responsibility for the accuracy, content, images, videos, licensing, completeness, legality or reliability of any information in this article. If you have any complaints or copyright issues related to this article, please contact the provider above.
