As of November 2023, there has been a lot of reports which have started to come out for the US residents who are in a waitlist for another round of help from the US Government. For these residents, the US Federal Stimulus Checks had been provided during the time (and after) when the COVID 19 had been on a rise. These payments had been sent to the eligible US residents so they were able to keep up with the rising costs in all the US states.
For this reason, the first payment round in the Stimulus Payment was followed by the second and a third Stimulus Check to the eligible taxpayers in the country. Although, this was a good news but the US taxpayers had been in an anticipation for another round of federal Stimulus Check, which was later cancelled. These US citizens have another round of good news now, and it is here to tell that the Federal Stimulus Checks are not going to be available for the year 2023 but there will be State Stimulus Checks in the coming weeks.
$1400 Stimulus Check Released
For some of the US states, the residents have been in a need for an enhancement in the financial assistance which have been provided to them in past year. This is to say that the State Governments in the US have decided to give increased help to the residents, and this help is going to be provided either as rebates on taxes filed, or benefit amounts, etc. As a result, there is a huge anticipation for the upcoming State Stimulus Checks, as the last week of November is coming to an end soon.
It must be noted that the Stimulus Checks in the US States of Virginia, Alabama, and Arizona are expected to come out either by 30th November 2023 or after November 2023. This is important as the IRS (or the Internal Revenue Agency) have now approved these three states to get the State Stimulus Checks in the upcoming months of November 2023 and December 2023. It is also reported that these fourth Stimulus Check packages in states are going to be helpful as the maximum amount which they will give to an eligible resident is set to be about $2000.
$1400 Stimulus Check Update
The Federal Stimulus Checks which were completed in the months between April 2020 and December 2021 in a total of 3 rounds had helped the US citizens with an amount which was close to $930 billion. This amount was paid to the US residents (including the individuals/ families), and most of these individual recipients had been selected as they were making their annual incomes below the limit of $75000. The qualifying limit for income was about $150,000 as their income for these relief financial payments.
For this reason, the payments had been made in the months of 2021, and by December 2021, all the other support payments were completed with the third round of the EIPs. As of November 2023, there is a good news for those who had either missed their $1400 checks, or who had an incomplete payment made to their accounts. This good news tells that these US residents may get one of these missed check payments by completing a 2021 Recovery Rebate Credit on the Federal Tax Return from that year.
Did You Receive $1400 Stimulus Check
It had been reported in 2022 that over 644,701 Americans had missed out on their relief payments, which is to say, more than 644,701 residents in the US had not received their third Stimulus Checks during that time. As of now, there is still a good number of eligible residents who may get the complete $1400 relief check if they claim a Federal Recovery Rebate Credit for 2021. Not only that, if any eligible American had missed their first and/ or second relief payment rounds of EIPs, then they can claim those payments (first round for $1200 and second round for $600) by completing their 2020 Federal Tax Return.
To calculate the Recovery Rebate Credit for third EIP of $1400, the online account details are going to be used along with the details from Letter 6475, which has the details of third EIP and other payments for the 2021’s return. The individuals/ families which will be eligible include families with dependents (including parents of a dependent born in the year 2021, or dependent nephew, grandchild, niece, etc.). Those who are waiting for the Social Security Disability Insurance are also informed that their final November SSDI Check is expected to arrive before this week ends.
$1400 Stimulus Checks
The eligible US residents who are waiting for their November SSDI checks are going to receive it soon, and in another report, it has been mentioned that there is a 3.2% increase which is coming to VA Disability Rates from the year 2024. This is because the COLA or the 2024 Cost of Living Adjustment will begin from 01st December 2023, as announced by the Social Security Administration. The 2023 Rate for VA Disability had seen about 8.7% increase after the 2023 COLA was announced.
For 2023, Alabama is gearing to provide support to its residents, and this support is going to be around $393 million which will be sent as tax refunds to the eligible citizens. To add to this, the Virginia General Assembly has passed new laws which are useful for individual taxpayers who want to get a rebate up to $200, and the joint couple/ married filers who want a rebate up to $400.
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