Stimulus Check 2024 Eligibility Payment: Financial Relief for Taxpayers

The stimulus check 2024 is a welcome relief for many taxpayers. Eligible individuals can expect to receive a payment of up to $1,200.

To qualify, you must have a valid Social Security number and be a U.S. citizen or resident. Your household income must also fall below a certain threshold, with single filers earning up to $75,000 and joint filers earning up to $150,000.

The payment amount will be based on your tax filing status and household income. If you're single and earn up to $75,000, you'll receive the full $1,200.

Consider reading: Indiana Residents Receive Stimulus Checks

If you're eligible for a 2024 stimulus check, you'll receive a notification letter, but no action is required to get the funds. The payment will be automatically deposited to the bank account you listed on your 2023 tax return.

If you've closed that bank account or didn't list one, the IRS will send a check to your mailing address on record. Payments will start going out this month and be issued to most recipients by late January 2025.

Related reading: Your Bank Declined This Payment

Your credit's value will depend on various factors, including your income, filing status, and number of dependents. Most taxpayers who were eligible for the previous stimulus checks have already received their payments, but one million taxpayers may have overlooked claiming the Recovery Rebate Credit when they were eligible.

The IRS is actively working to ensure that eligible taxpayers receive their payments, including those who are homeless, rural poor, or disadvantaged. The agency is expanding outreach to these groups and providing information in multiple languages.

Here's a breakdown of the eligibility criteria for the stimulus check:

Taxpayers who left the Recovery Rebate Credit field on their 2021 tax return blank or wrote "$0" may be eligible for the new payments. The IRS continues to work on getting these payments to eligible taxpayers.

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Some states issued rebate payments and stimulus checks in 2023, and the eligibility criteria and payment amounts varied.

In Maine, eligible residents received a $450 payment or $900 for eligible married couples. To be eligible, you must have filed a 2021 Maine personal income tax return as a full-time resident by October 31, 2022, and met specific income limits.

Maine began sending payments in mid-January of last year, and if you didn't receive a payment, you needed to contact the State Tax Assessor by June 30, 2023, to provide documentation showing that you're eligible for one.

Here's a breakdown of the income limits for each filing status in Maine:

In contrast, Minnesota rebate checks were sent automatically to about 2.5 million Minnesota households in mid-August of last year. The one-time payments of up to $1,300 came thanks to a $3 billion tax relief bill signed by Gov. Tim Walz last year.

Minnesota Rebate Checks were sent to about 2.5 million Minnesota households in mid-August last year, thanks to a $3 billion tax relief bill signed by Gov. Tim Walz. The one-time payments of up to $1,300 were automatically sent via direct deposit or mail based on information from previous state income tax returns.

Eligible single filers with adjusted gross incomes (AGIs) of $75,000 or less received $260 rebate payments. Married couples filing jointly with AGIs of $150,000 or less were eligible for up to $520.

For each dependent in an eligible household, up to three dependents, another $260 was added to the rebate amount. Approximately 150,000 Minnesota tax rebate checks initially went uncashed and have expired since being sent.

The state's Department of Revenue reissued expired payments.

If you're a Maine resident, you might be eligible for a Winter Energy Relief Payment. This payment was a one-time benefit to help with heating costs.

To qualify, you had to have filed a 2021 Maine personal income tax return as a full-time resident by October 31, 2022. You also couldn't have been claimed as an independent on another person's tax return.

The income limits for eligibility were as follows:

Each eligible Maine resident received a $450 payment, with eligible married couples receiving $900.

Maine started sending out these payments in mid-January of last year. If you didn't receive a payment, you had to contact the State Tax Assessor by June 30, 2023, to provide documentation showing you're eligible. The State Tax Assessor had until September 30, 2023, to send a relief payment to each eligible resident who contacted them before the deadline.

The IRS may consider Maine Winter Relief Payments taxable, so be sure to keep that in mind when filing your taxes.

The 2023 tax rebate program in South Carolina has concluded, and no similar program has been announced.

You were eligible for the rebate if you filed a 2021 South Carolina state income tax return by February 15, 2023, and you owed state income tax for the 2021 tax year.

Rebates were issued in two phases, depending on the date your previous South Carolina tax return was filed. If you filed a return by October 17, 2022, you should have received a rebate check.

For those who filed after October 17, 2022, but before February 15, 2023, a rebate check should have been issued by March 31, 2023.

To check the status of your rebate, use the South Carolina Department of Revenue's online tool.

Additional reading: Stimulus Checks 2022

Montana residents who received the one-time income tax rebate checks of up to $2,500 last year were eligible based on their 2021 tax returns.

The actual amount received for the income tax rebate varied depending on individual tax details.

Recommended read: Deferred Income Payment

To qualify for the property tax rebate, you must have owned and used the property as your primary residence for at least seven months of each of certain years.

You must also have paid property taxes for 2022 and 2023 to be eligible for the property tax rebate.

The Montana property tax rebate is up to $675.