American Rescue Plan Stimulus Checks 2024 Amount And Payment Status

Last Updated on: 29th January 2024, 04:36 pm

The Biden COVID Relief Package, totaling USD 1.9 trillion, has been enacted without provisions for a Fourth Stimulus Check in 2024. The Democrats in Congress formulated a package that includes USD 2800 for married couples and USD 1400 for single individuals.

2024 American Rescue Plan Stimulus Checks Update

I want to bring to your attention that there will be no American Rescue Plan Stimulus Checks in 2024. On March 11, 2021, President Joe Biden signed the USD 1.9 trillion American Rescue Plan Act of 2021, also known as the COVID-19 Stimulus Package.

The objective of this legislation is to expedite the country’s recovery from the economic, public health, and recessionary impacts of the COVID-19 pandemic.

The American Rescue Plan Act builds upon provisions from the Consolidated Appropriations Act of December 2020 and the March 2020 CARES Act. Despite anticipation, Americans awaiting the American Rescue Plan Stimulus Checks 2024 Payment will not receive them. You can also check California Down Payment Assistance Programs.

Eligibility Criteria for American Rescue Plan Stimulus Checks 2024

While there won’t be a stimulus check in 2024, the eligibility for the last round included:

• Individuals earning up to $75,000 per year (or $150,000 for married couples filing jointly) were eligible for $1,400 in stimulus funds.
• The stimulus amount decreased for those earning over $75,000 annually, with individuals earning more than $99,000 not receiving any payment.
• Parents or guardians qualifying for the child tax credit listing their children as dependents.
• The head of the household must file and be eligible with an Adjusted Gross Income (AGI) of up to $112,500.

What is the American Rescue Plan?

The American Rescue Plan, valued at USD 1.9 trillion, aims to assist Americans facing financial difficulties due to COVID-19 and foster a fair recovery. It continued unemployment benefits, enhanced the Child Tax Credit, and provided $1,400 in direct stimulus payments. The plan supported the safe reopening of schools, COVID-19 testing, and immunization programs, and provided funding to compensate for lost tax revenue by state and local governments.

Cost of American Rescue Plan Stimulus Checks

The USD 5 trillion infusion from the US Monetary Policy’s COVID-19 relief helped sustain the economy, aiding individuals with expenses and medical bills. Various sectors, including airlines, local governments, medical facilities, and retail establishments, received support. The program’s benefits were diverse, with recipients using funds for necessities, food, and other items.

Check also, the IRS Free Tax Filing Online

What is the Application Process for the American Rescue Plan

To apply for the American Rescue Plan:

1. Sign up with Grants.gov.
2. Download and complete the relevant Program Profile, Certificate of Agreement, and Form offline.
3. Submit the filled forms via grants.gov.
4. Fill out the Federal Assistance Application (SF-424) and SF-424 Department of Education Supplemental Information Form.
5. Register after the official processing.

How to Check Payment Status of American Rescue Plan Stimulus Check 2024

Eligible US taxpayers can follow these steps to check their IRS Tax Fourth Stimulus payment status:

1. Visit the official IRS website at irs.gov.
2. Log in using your credentials to access your IRS Dashboard.
3. Enter your tax ID or social security number and click submit.
4. Find the URL to verify the IRS Tax Fourth Stimulus Check payment status. This allows you to track the progress of your payment.