August 2024: IRS Confirms Fourth Stimulus Check Eligibility

Written By: Anushka

Background

Previous stimulus checks were issued during the pandemic to provide financial relief. The fourth installment is expected soon.

Demand

Citizens have demanded a fourth stimulus to cope with rising living costs. Authorities are considering this due to ongoing economic challenges.

Status

While not yet official, proposals for the fourth stimulus are under discussion. State authorities are debating its distribution.

Amount

The fourth stimulus check is expected to range from $300 to $1800, depending on state approvals and individual circumstances.

Eligibility

To qualify, individuals must be permanent residents, earn below $75,000 annually, and have filed all pending tax returns.

Family Criteria

Families earning below $150,000 annually and with children under 17 will receive additional support.

Partial Benefits

Individuals with higher incomes than the adjusted gross income may receive partial benefits with deductions based on their income.

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