IRS Fourth Stimulus Check in August 2024 – Is It Official? Check Your Eligibility Now

Published on: July 28, 2024

The ongoing economic challenges have reignited discussions about the potential release of a fourth stimulus check in the United States. As the cost of living rises and many Americans face financial strain, the demand for another round of stimulus payments has increased. This article cuts into the details surrounding the confirmation, eligibility, and expected dates for the fourth stimulus check.

Payment Confirmation

The stimulus checks are one-time payments provided to Americans to offer financial relief. The initiative began during the COVID-19 pandemic, with three installments already issued: the first in 2020 and the subsequent two in the following years, with the last installment released in 2022.

Important Links
$1,415 Payment Coming 2 Times in August UC Benefit Cap 2024 Universal Credit Payout Date Confirmed! DWP £812 Budgeting Loan 2024 Social Security COLA 2025 IRS Next Deadline For Taxpayers Big Changes In SNAP Benefits $750 Electricity Grant in Australia $1,002 Child Allowance in Australia July 2024 Gas Stimulus Payment Arriving

Given the current economic situation, characterized by increased living costs and a technical recession, there is a significant demand for a fourth stimulus check. The authorities are considering this demand, and discussions are ongoing about the potential release of this payment in the coming months.

Is It Official?

Although there is no official confirmation yet, proposals for a fourth stimulus check have been presented to the council. The approval hinges on the allocation of funds for the new fiscal year. As state authorities discuss the distribution, there is a possibility that the fourth stimulus will be rolled out in select states. This potential relief aims to assist those still struggling with economic challenges, including the effects of a new COVID-19 variant.

Fourth Stimulus Check

Article Name: Fourth Stimulus Check Payment Confirmation
Country: USA
Administration Responsible: Internal Revenue Services (IRS)
Aim of the Stimulus: To provide financial assistance to taxpayers
Amount of the Stimulus: $300 to $1800
Expected Date: To be released in the upcoming months
Official Website: irs.gov

Expected Amount

The previous stimulus checks were fixed at $1400, but the amount for the fourth stimulus is expected to increase due to rising living costs. Discussions suggest the amount could range from $300 to $1800, with different states deciding the specific amounts and distribution schedules.

So far, 9 out of 14 states have approved the stimulus distribution within their regions. Residents of these states will be notified about the disbursement dates by their local authorities.

Eligibility Criteria

To qualify for the fourth stimulus check, candidates must meet several eligibility requirements:

Residency: Candidates must be permanent residents of the USA.
Income Limits:
- Families must have an adjusted gross income (AGI) below $150,000.
- Individuals must have an AGI below $75,000.
- Those earning above these limits will not be eligible for the full stimulus amount.
Tax Returns: All pending tax returns must be filed before the disbursement.
Dependents: Children under 17 will be considered dependents and eligible for additional support.
Social Security Number: Candidates must have a valid social security number issued during the registration for SSI and SSDI benefits.
Partial Benefits: Individuals earning slightly above the AGI limit may still qualify for partial benefits. For every $100 over the AGI limit, there will be a $5 reduction in the stimulus amount.

While there is no official confirmation yet, the discussions and proposals for a fourth stimulus check are promising. The potential relief aims to support Americans facing ongoing financial difficulties due to the economic impacts of the pandemic and rising living costs. Keep an eye on updates from state and federal authorities to stay informed about the final decision and disbursement dates.