The Internal Revenue Service (IRS) is gearing up to send out $1,350 stimulus checks in 2024.
This move is part of a continued effort to help Americans cope with the financial strain caused by the COVID-19 pandemic and the rising cost of living.
With the job market struggling and expenses climbing, this financial aid comes as a much-needed boost for many.
Catching Up on Missed Payments
While most eligible Americans have already received a $1,400 stimulus payment as part of the federal government’s relief efforts, over 600,000 taxpayers were overlooked due to oversights in the Congress Budget.
This upcoming payment aims to address those missed by the initial rounds of funding under the American Rescue Plan Act of 2021.
Who Qualifies?
The stimulus checks are primarily aimed at those earning up to a certain threshold: $75,000 for individuals, $112,500 for heads of households, and $150,000 for married couples filing jointly.
The amount decreases for those with higher incomes and phases out completely for individuals earning over $80,000, heads of households with $120,000, and couples making $160,000.
States in Focus
While an official list of states slated to receive these delayed checks hasn’t been confirmed, states like Alabama, Arizona, and California, among others, are expected to be in the first wave.
Recipients are encouraged to stay patient and keep an eye on official IRS communications for the most accurate and up-to-date information.
- Alabama
- Arizona
- California
- Colorado
- Georgia
- Maine
- Massachusetts
- Michigan
- Minnesota
- Montana
- New Mexico
- Pennsylvania,
- South Carolina
- Virginia
Read More: I Never Got My Stimulus Check From the IRS; How Do I Track It?
Broader Financial Support Available
The U.S. offers a variety of financial aid programs to support those in need, beyond just stimulus checks. These include:
Needs-based Programs: Temporary Assistance for Needy Families (TANF) and the Supplemental Nutrition Assistance Program (SNAP) are just a couple of examples that provide temporary financial help and food assistance to low-income families.
Housing and Energy Assistance: Programs like Housing Choice Vouchers and the Low-Income Home Energy Assistance Program (LIHEAP) help with rental and energy costs.
Tax-Based Benefits: The Earned Income Tax Credit (EITC) and Child Tax Credit offer significant tax relief, while certain conditions allow for student loan forgiveness.
This comprehensive approach to financial assistance reflects America’s commitment to supporting its citizens through tough times, highlighting the nation’s resilience and community spirit.
