$2,400 New Stimulus Checks 2024: The Government of the USA is preparing to provide new stimulus checks to the beneficiaries in 2024. All the taxpayers in America are expecting to receive new Stimulus checks from the IRS which will have them to reduce their financial burden. If you have also received IRS stimulus checks in earlier years and waiting to get the new stimulus checks 2024 in July month then you should read this article where we have briefly explained the official statement related to new stimulus checks for july 2024 citizens in the USA.
Stimulus checks, also known as economic impact payments, are financial aid provided by the government to individuals or families during times of economic hardship or crisis. These payments are typically intended to stimulate consumer spending, provide relief to those facing financial difficulties, and support overall economic recovery. The Government of the USA first introduced by stimulus checks during the pandemic covid-19. After that beneficiaries have received multiple instalments of stimulus checks in their bank account according to their Tax slab. The amount is provided to all the senior citizens in the USA who are paying their taxes to the government. Eligible citizens are waiting to receive new stimulus checks but have not received the amount to yet, so they are expecting the government to provide new stimulus checks in April month of 2024, but the official date is not announced yet.
$2,400 New Stimulus Checks 2024: Check Dates [july 2024], Eligibility & Payment Status
$2,400 New Stimulus Checks 2024
IRS or the government has not provided any official notification for details about the new stimulus checks in july month of 2024. The first payment of stimulus checks in the USA was provided in the year of 2020 during COVID-19 and after that, the next payment was released in 2021 to overcome the financial burden from the citizens in the state. It is expected to release $ 2400 in the new stimulus checks as the inflation is also continuously increasing so the rebate can also be increased by the government. It will help senior citizens to pay rent for their house, electricity, etc. According to the news more than 700,000 families Will be calculated under this scheme and get the benefit of new stimulus checks in April 2024.
Eligibility for $2,400 New Stimulus Checks 2024
- The applicant should be a resident of the USA
- The minimum age of the applicant should be more than 62 years.
- Adjusted Gross Income (AGI) of up to $75,000: Individuals filing as single or married filing separately can receive the full Child Tax Credit if their AGI is $75,000 or less.
- The credit phases out gradually for individuals with AGI between $75,000 and $95,000.
- AGI of up to $150,000: Married couples filing jointly can receive the full Child Tax Credit if their AGI is $150,000 or less. Phase-out: The credit phases out gradually for married couples with AGI between $150,000 and $170,000.
- AGI of up to $112,500: Heads of households can receive the full Child Tax Credit if their AGI is $112,500 or less. The credit phases out gradually for heads of households with AGI between $112,500 and $135,000.
- Check the status of $2,400 New Stimulus Checks 2024
If you have submitted the annual tax for the financial year of 2024 and have sufficient eligibility in that area to receive new stimulus checks in 2024 then you can check the status of your payment by following this procedure: - Go to the Official website of Internal Revenue Services. https://www.irs.gov/
After date you will reach in the dashboard where you have to click on the link of get your refund status
After that, you will reach the new page where you have to enter your refund number and select your status.
Once you click on the submit link the status of your $2,400 New Stimulus Checks 2024 payment will be available on the website and you can track it accordingly.