4th Stimulus Check: During the COVID-19 pandemic, Congress passed three laws that included providing millions of eligible Americans with stimulus checks, formerly known as Economic Impact Payments.
Each of the three payments came to a total of more than $3,000. March 2021 saw the last of these payouts.
Online rumours regarding a fourth stimulus check are common. Because of this, several readers of VERIFY have enquired as to whether they will get paid again in 2024.
4th Stimulus Check in March 2024
Many Americans are looking forward to hearing about the fourth stimulus package, which is expected to be announced in March 2024. Nine US states have announced that they will participate in a fourth round of the Economic Impact Payments program, which will provide stimulus funds.
The Internal Revenue Service states that four types of people are eligible for assistance (IRS). To find out if you are eligible for the payment, go to www.irs.gov, the official website for the IRS Tax Fourth Stimulus Checks 2023.
There won’t be a 4th Stimulus Check
A Facebook post from last week stated that on November 30, citizens of ten states will automatically get their fourth IRS stimulus cheque.
A payout of $500 to $3,284 will be made to taxpayers whose information is on file with the IRS, according to the article. According to a different version of the article, taxpayers will receive anywhere from $500 and $2,000, depending on the state.
The report also stated that the fourth IRS stimulus payment will be given to millions of people in Tennessee, Maryland, Florida, Alabama, Georgia, New York, Arizona, Virginia, Michigan, and Texas.
Stimulus Check March 2024: Find Out Who is Eligible For $500 Check
These posts even state that some would receive a direct deposit and others will receive a paper check if the IRS has their account information on file. Google and the IRS are cited in the posts as alleged sources.
Ignore such posts if you come across them. In actuality, there won’t be a fourth IRS stimulus payment. Economic Impact Payments, or the fourth wave of stimulus payouts, have not been approved, according to confirmation from the IRS.
During the COVID-19 epidemic, the federal government authorized and distributed three rounds of EIPs, according to the Treasury Department’s website. The final payment round was distributed in March 2021.
States are mailing rebate payment
While some of the states listed in the post are giving qualified taxpayers rebates, the type of rebate and the amount being sent differ from each other and from the stimulus check.
Furthermore, the Economic Impact Payments were intended to stimulate the national economy, not to fund the rebates that certain states are paying.
under example, rebate payments under the state’s Families Tax Rebate program are being sent by Arizona. The scheme was established by state legislators earlier this year to give taxpayers with dependent children a one-time payment of up to $750. In a similar vein, Virginia began issuing one-time tax rebate cheques last month, with maximum amounts of $400.
The three stimulus cheques that came before were a part of legislation that Congress approved and the president at the time signed. The $1,200 first check was written as a part of the March 2020 CARES Act. A spending package that was approved in December 2020 included the second $600 check. The American Rescue Plan, which was approved in March 2021, contained the third check for $1,400.
In November 2023, the IRS reminded everyone that they could still be eligible for reimbursement if they were not the recipient of any of the initial federal stimulus payments.
Taxpayers must file a tax return for 2020, 2021, or both, and claim the Recovery Rebate Credit in order to be eligible for a missing stimulus payment.
A Recovery Rebate Credit claim must typically be submitted by May 17, 2024, for the year 2020, according to an IRS spokesman. Generally speaking, April 15, 2025 is the deadline for submitting a 2021 claim.
