For the US, there have been many reports that have mentioned the rising costs and the daily cost of living in the States, and at the same time, these reports have also mentioned about the increased payments which can start in 2024. This had been helpful in the months after the COVID 19 pandemic had started, and to help these residents the Federal US Government had come out with the support packages which were also called as the Stimulus Checks. These Stimulus Checks for the eligible Americans had been signed into law by the US President, Joe Biden.
As per the reports, these Stimulus Checks have been able to give a boost to the national economy and have saved it by letting all the US residents help manage their daily expenses starting with the year 2022. It was also reported that to provide these payments to eligible US residents, the US Government was going to spend billions (more than $900 billion), and as of 2023’s last month, it has now been reported that after so many years, there are a good number of US individuals and/ or families which have either not received their complete Stimulus Payments or they have missed their payments.
Did You Get $1400 Stimulus Checks?
For the US residents, the Stimulus Packages have been the most helpful way to support the economy, and for this reason, most of these Americans have been in a waitlist for the official announcement which will confirm if there is going to be another Stimulus Check 2024. From the month of March 2020, the US Government has provided a total of 3 Stimulus Checks, and the most recent Stimulus Check was sent out in the month of March 2021. Those who have received these payments were reported to get a total of $1200 in March 2020’s first round of these Stimulus Checks.
This was followed by the second round of Stimulus Payments which was provided in December 2020, and the amount was $600 with an extra $600 if the recipient had any dependents. This led to the last round of Stimulus Checks in March 2021, and the amount which was provided as part of this was a maximum of $1400. For this reason, there is a demand for the next Stimulus Check in 2024, but it has been reported that there are not going to be any new payments provided by the Federal US Government as future Stimulus Check in this week or after.
$1400 Stimulus Checks Overview
|Stimulus Check 1
|Stimulus Check 1 Amount
|Stimulus Check 2
|Stimulus Check 2 Amount
|Stimulus Check 3
|Stimulus Check 3 Amount
|Recovery Rebate Credit for 2020 and 2021
Stimulus Check $1400 Payment Date
After the three rounds of Federal help from the US Government, there was a new petition which has the aim to get a monthly Stimulus of about $2000 for the eligible residents in the US. This petition has been signed by millions but to no use as of now. To help with this, there are several US States which have come forward with their own support payments but these payments are not equal to the federal Stimulus Paychecks. This includes the various states including Arizona, Alabama, Georgia, New York, etc. and the eligibility conditions are also different.
There have been many social media posts in the recent weeks, and these posts have suggested that before the year of 2023 comes to an end, the Fourth Stimulus Checks will be sent out. It also mentioned that the Fourth Stimulus Checks are going to be sent out as mail if the individual has received their tax refunds by paper checks. Not only that, but after the posts had gone viral, the IRS had to announce officially that there is not going to be a Fourth Stimulus Check in this December week or after for now. As of December 2023, the good news for a large number of Americans is that they have a chance to claim their missed $1400 payment checks by filing for their Recovery Rebate Credits.
$1400 Stimulus Check Update Today
In November 2023, an update had seen the IRS reminding the eligible US individuals and/ or families that those who want to claim their $1400 Stimulus Check have to complete the filing of their tax returns so they are eligible for the IRS Recovery Rebate Credit. It must be noted that the $1400 Stimulus Check for 2021 can be claimed by the filing for the 2021 Recovery Rebate Credit latest by 15th April 2025. For the 2020 Recovery Rebate Credit, the last date has been mentioned to be 17th May 2024. Not only that, the payment support of $1400 was added to the extended tax credits, and child support payments at the same time.
With 2024, it is also possible that there are going to be new laws which will help the US families (families which are earning their incomes as either low or moderate), as this will help in permanent increase in some of the benefits (child support, tax credits, etc.) at the same time. As per 2022 reports, over 600,000 US Residents had missed out on their Stimulus Payments, and for the $1400 Stimulus Checks, the credit can be calculated using the account online or with the help of Letter 6475. This is important as the upcoming payments in January 2023 are going to include the changes required as per the COLA values for 2024 (which is 3.2% increase).