Fact Check:- Is $1200 Stimulus Checks 2024 Coming?

You may have read that “The United State Government has announced the $1200 Stimulus Checks for citizens of the U.S which will be disbursed in June 2024.The Dates of the payment will be announced soon by the department of payment“. In this article, I will provide updates on the 2024 $1200 stimulus checks, including facts and rumors.

Understanding the importance of $1200 Stimulus Checks:

The US Federal Government wants to reduce the rising inflation rates and economic crisis for its citizens for which they are releasing $1200 Stimulus Checks for citizens who are affected by the escalating inflation rates and economic crisis.

The main objective is to release a $1200 Stimulus Check for citizens to provide them financial stability to manage their expenses and pay their bills.Under this fund release programme the eligible candidates are low income person,disabled person and candidates who can’t work regularly due to their long time illness.These payments will be disbursed under the CARES Act,which was announced in March 2020 during the CO*VID-19 pandemic to help their citizens financially.

Summary of $1200 Stimulus Checks : 

OrganizationInternal Revenue Service
Governing bodyUS Federal Government
CountryUnited States of America
FrequencyMonthly Payments
CategoryGovernment Aid
Official Websitehttps://www.irs.gov/

$1200 Monthly Stimulus Checks For Low Income Candidates : 

The Internal Revenue Service (IRS) is the main managing body for distribution of payments and verifications of a citizen’s profile.They are working with the Federal government,they ensure that $1200 Stimulus Payments reach those who need them. In June 2024, the US government decided to provide $1200 Stimulus Checks to citizens who are struggling with their expenditure.

The eligibility criteria for candidates is the low income person,disabled person and candidates who are not working regularly due to their permanent illness are the most appropriate candidates for this programme. 

Some States in the US have opted for this programme as they think that the economy is now controlled and eligible candidates already received a lot of funds and can manage their expenses.Once the payment date is announced, eligible candidates will get direct deposits into their bank accounts.

Step for Eligibility Criteria For $1200 Stimulus Checks:

The US Candidates who wants to get $1200 Stimulus Checks need to know about eligibility requirements, which need to be follow below steps:

  • US candidates must have a possession of a unique Social Security Number.
  • They Must have updated their Adjusted Federal Net Income for benefits.
  • Income Threshold : Income should be less than  $112,500 for heads of households, $150,000 for married couples, and $75,000 for individuals living alone must have filed their pending tax return.
  • Those having very low income or no income are eligible for stimulus check.
  • All the required documents need to be verified by the authority.

Final Decision / Fact Check

There has been no official announcement from the IRS regarding $1200 stimulus checks for this year. In 2020, the IRS released a notification stating that eligible taxpayers who filed tax returns for either 2019 or 2018 would automatically receive an economic impact payment of up to $1,200 for individuals, $2,400 for married couples, and up to $500 for each qualifying child.

Leave a Comment