Recently, the Internal Revenue Service (IRS) has confirmed the issuance of a fourth stimulus check to eligible citizens. This stimulus, available in the form of IRS Automatic Stimulus Checks, aims to provide financial assistance to individuals from low-income families struggling with the rising cost of living.
The IRS Automatic Stimulus Check:
The latest update from the IRS confirms the issuance of the much-awaited fourth stimulus check, offering hope to millions of Americans. Eligible citizens, including those with low incomes, will soon receive this payment directly into their bank accounts. Individuals must meet specific criteria to qualify for this stimulus check, including annual gross income limits.
US Automatic Stimulus Check in 2024 – Overview
| Country | USA |
| Article On | IRS Automatic Stimulus Check Confirmed |
| Department | IRS |
| Beneficiary | American |
| Amount to be delivered | Based on Annual Gross Income and Filling Status |
| Payment Type | Economic Impact Payment |
| Date of IRS Automatic Stimulus Check | Updating Soon |
| Official Website | irs.gov |
Related: Could $4,200 Stimulus Checks Be on the Way? Find Out Who’s Eligible!
Eligibility Criteria:
To receive the IRS Automatic Stimulus Check, individuals must ensure they have filed all their taxes on time and fall within the income limits set by the government. The current estimates indicate that single filers must have an annual gross income (AGI) of up to $75,000, while joint filers must have an AGI of up to $150,000. Head of household filers must have an AGI of up to $112,500. Payments may vary based on income levels, with reductions for higher incomes.
Who is Eligible:
Eligibility for the IRS Automatic Stimulus Check is determined based on specific criteria set by the government. This federal assistance aims to provide relief to individuals affected by the COVID-19 pandemic and help them manage expenses amid rising costs.
Payment Amount:
The amount received from the IRS Automatic Stimulus Check will vary depending on income tax filing status and annual gross income. Eligible recipients can expect the payment to be automatically deposited into their bank accounts. Additional payments may be available for eligible children under 17 years old.
Related: $1400 Monthly Stimulus Checks on the Horizon – Learn About Eligibility!
Fact Check:
The Economic Impact Payment, introduced during the COVID-19 pandemic, aimed to provide financial assistance to those in need. The IRS distributed the first three stimulus checks before March 2021. The recent announcement of IRS Automatic Stimulus Checks for 2024 follows specific eligibility criteria and aims to assist individuals based on their annual gross income. Recipients can track their payment status through the IRS portal for the latest updates.