1400 Stimulus Payment 2024: When is the last day to claim the COVID era checks?
According to Marca, Eligible U.S. citizens can claim $1,400 as part of the final stimulus check from the Covid-19 relief efforts under President Joe Biden’s administration. This initiative, aimed at addressing rising prices and inflation in 2024, is part of the American Rescue Plan Act.
The Covid-19 pandemic led to global lockdowns from 2020 to 2021, severely impacting economies as trade slowed and many people were placed on furlough. To support income, the U.S. government issued stimulus checks.
While two rounds of stimulus payments have already been distributed, a third check is still available for Americans to claim until April 18, 2025. To do so, individuals must file a 2021 tax return with the Internal Revenue Service (IRS) and meet specific eligibility criteria.
What are the qualifying criteria?
Officially known as the Recovery Rebate Credit, the $1,400 payment functions as a tax credit. Eligible individuals can begin filing online at GetYourRefund.org through Tuesday, October 1, 2024. Here’s what you need to qualify:
- 2021 Tax Return: You must file a 2021 tax return with the IRS.
- Income Limits: Your household’s adjusted gross income (AGI) must not exceed:
- $75,000 as an individual filer
- $150,000 if filing jointly
- $112,500 if you are the head of the household
Maximum income limits are:
- $80,000 for individuals
- $160,000 for married couples filing jointly
- $120,000 for heads of household
These limits are based on 2020 income levels.
- Social Security Number: Any family member with a Social Security number or a dependent is eligible for the third stimulus check. The claimant must also be a U.S. citizen or a legal resident or alien.
- Dependents: You cannot claim the third stimulus check if you are listed as a dependent on someone else’s tax return. However, you can file a claim on behalf of someone who passed away no earlier than January 1, 2021.
