By Alon Bidden
Published on:
As the cost of living continues to rise, the U.S. government is stepping in with another round of financial aid. This time, it’s a $1,400 stimulus check set to be disbursed around Labor Day 2024.
Here’s everything you need to know about these payments, including how to apply, check your eligibility, and what steps to take to ensure you receive your payment.
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The $1,400 stimulus check is part of an ongoing effort by the Internal Revenue Service (IRS) to support U.S. citizens facing financial challenges. This one-time payment is intended to alleviate some of the financial burdens caused by the rising cost of living. It’s especially geared towards new parents and others who meet specific eligibility criteria.
To qualify for the $1,400 stimulus check, you must:
New parents with a child born in 2021 are specifically mentioned as eligible for this payment, even if they do not owe any taxes. The IRS will automatically distribute the payment to eligible individuals who have already filed their taxes.
There is no separate application process for the $1,400 stimulus check if you meet the eligibility criteria and have already filed your taxes. The IRS will use the information from your tax return to determine your eligibility and process the payment. Ensure that your direct deposit information is up-to-date to receive the payment directly into your bank account.
The $1,400 stimulus checks are expected to be deposited in September 2024, around Labor Day. However, specific payment dates have not been officially announced. It’s crucial to stay informed through official IRS communications to confirm the exact timing of the payments.
Apart from the $1,400 stimulus check, there are other benefits that you might be eligible for:
Each of these benefits has its own eligibility criteria and application process. Ensuring you meet these requirements can provide substantial financial relief.
If you missed out on earlier stimulus payments, you can claim the Recovery Rebate Credit. This credit allows those who did not receive prior stimulus checks to benefit from the financial assistance provided by the government. You can claim this credit by filing or amending your tax returns by the deadlines set for each tax year.
To ensure you receive your $1,400 stimulus check:
While rumors about payment dates circulate online, it’s essential to rely on official sources for accurate information. If you do not receive your stimulus check by the end of September, contact the SSA at 800-772-1213 for assistance.
If you did not file your taxes by May 17, 2024, you can still claim the $1,400 stimulus check:
For assistance with filing or amending your tax returns, consider using free tax filing programs such as GetYourRefund.org, Volunteer Income Tax Assistance (VITA), or AARP Foundation’s Tax-Aide.
The $1,400 stimulus check is a significant financial aid package aimed at helping those most affected by the rising cost of living.
By staying informed and ensuring your tax information is up-to-date, you can secure the financial support you need during these challenging times.
U.S. citizens or residents with an annual income below $75,000 (single) or $150,000 (married).
No, the IRS will automatically distribute the payment based on your tax return.
Expected around Labor Day 2024, though specific dates are yet to be announced.
You can claim the Recovery Rebate Credit by filing or amending your tax returns.
Free tax filing help is available through GetYourRefund.org, VITA, and AARP Foundation’s Tax-Aide.
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