$2000 and $1400 Stimulus Checks 2024 : Are You Eligible to Receive or Not ? Check your Status

In the wake of global economic instability caused by the COVID-19 pandemic during 2019 and 2020, governments across the world undertook various measures to provide financial relief to their citizens. In USA, the distribution of direct stimulus payments to the eligible holders has been a talking point in these efforts.

Recently, the fourth round of $2000 and $1400 stimulus check updates have taken some heat in the market. As lawmakers propose for another round of stimulus checks, understanding the background, status, etc is crucial. This article will delve into the origins, eligibility criteria, and other important points, and what to do if one hasn’t received payment yet. Receive all the latest news regarding this here on our website.

$2000 and $1400 Stimulus Checks

Stimulus checks are the direct payments which were made by the federal government to eligible people as a part of relief package to adapt to the economic changes caused by COVID-19. Internal Revenue Service (IRS), through Economic Impact Payment (EIP) has till now distributed three rounds of stimulus payments till 31stDecember 2021.

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$2000 Stimulus Checks

It is the proposed fourth round of stimulus check meant for senior citizens. The concept gained prominence last year with famously 3 million people signing online petitions. The lawmakers previously, tried to pass this bill into the Senate in 2020 seeking to increase the direct payment amount from the initial $600 to $2000. However, the proposal faced challenges in the Senate and did not gain the necessary support for immediate implementation.

$1400 Stimulus Checks

It was previously given to the eligible individuals till the end 2021 as third round of stimulus check. A part of American Rescue Plan Act, it was signed into law in April 2021 as a relief package, totaling up to $1400 per eligible individual, $2,800 for married couples, plus $1,400 for each dependent. It is also in the proposed fourth round of stimulus check which is meant for all individuals and married couples with dependent.

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$2400 Cola Checks Deposit Date 2024

Overall, these proposed stimulus checks are part of efforts to stimulate economic activity and provide a safer cushion during times of economic instability. The debates and discussions around $2000 and $1400 stimulus checks update have been integral in shaping the overall response to the economic challenges posed by the ongoing Geo-political and other world issues.

Highlights of $2000 and $1400 Stimulus Checks

Name $2000 and $1400 Stimulus Checks
Country of Origin USA
Regulating body / Department IRS
Year 2024
Category Government Aid
Objective Stimulate the rising economy
Applicable persons Senior people, eligible individuals, married working couples and dependents
Age Limit 65+ years (senior people)
Amount for senior couples $2000 – senior people

$1400 – individuals, married working couples and dependents

Expected month of payment April, 2024

$2000 and $1400 Stimulus Checks Update 2024 - Whether You Have Received or Not, Track Status

Who are Eligible for $2000 and $1400 Stimulus Checks

The eligibility criteria for $2000 and $1400 stimulus checks are as follows:

  • A person (single or married couple) should be a citizen of the USA.
  • Individuals should be independent of another taxpayer.
  • The person should have a valid Social Security Number (SSN).
  • Adjusted Gross Income (AGI) on tax returns should not exceed above:
    • $150,000 — Married and filing a joint return (couples) or filing as a qualifying widow or widower (without dependent).
    • $112,500 — filing as head of house.
    • $75,000 — eligible individuals like single filers and married people filing separate returns.

The AGI figures are subject to changes in 2024 due to rising inflation costs. Payments would be less if the income is above those AGI amounts. It means taxpayers may not receive payment if their AGI exceeds:

  • $168,000 — Married and filing a joint return (couples) or filing as a qualifying widow or widower (without dependent).
  • $126,000 — filing as head of house.
  • $84,000 — eligible individuals like single filers and married people filing separate returns.

As reported earlier, the AGI figures may vary in 2024. Therefore, you are requested to visit the official website of IRS for more information.

Steps to apply for $2000 and $1400 Stimulus Checks?

Although there are no separate methods to apply for the stimulus checks as they have been automatically paid out to eligible people who already have been registered through IRS website and were already getting payments in past through tax rebates in 2020 and 2021. For the new joiners, they can follow the following steps:

Apply:

  • Open the website irs.gov.
  • Sign into the account through ID.me or create one.
  • Fill in the details in the application form with valid details like SSN.
  • Make sure to check whether tax returns in past were filed.
  • Submit the application form.

How to track status for $2000 and $1400 Stimulus Checks?

If You Have Applied Earlier & Not received the Stimulus Checks, you are advised to track status for the same. The process may take about 5 to 6 weeks to get completed. To track the status, please visit the official website of IRS and login to the created account (through ID.me) to check the status.

What to do if you have not receive $2000 and $1400 Stimulus Checks?

If a person ceases to be a resident of the United States or is not registered as a taxpayer, then IRS won’t be able to track the status and dispatch the payments. Keeping these things in mind, one should always fulfill the requirements to be eligible for $2000 and $1400 stimulus checks.

If a person hasn’t received his checks, then he can claim a Recovery Rebate Credit on 2020 or 2021 tax returns if he didn’t get an EIP or got less than the full amount. He can access the IRS account to check the payments in “Economic Impact Payment Information” on Tax Records page.

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