$200 and $1400 Stimulus Payments for July 2024 – Fact Check and Eligibility

Juilia Ruskin
5 Min Read

In July 2024, the Internal Revenue Service (IRS) announced it would distribute $200 and $1400 payments to eligible American residents. These stimulus checks aim to help individuals and families facing financial challenges, especially those affected by the COVID-19 pandemic. Here’s everything you need to know about these payments.

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Payments

Starting in July 2024, the IRS will distribute $200 and $1400 payments to eligible citizens. This financial aid is part of the government’s efforts to support Americans in need. New parents who have had a child since 2021 are particularly eligible if they have regularly filed their tax returns by July 2024.

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Eligibility

To qualify for the $200 and $1400 stimulus payments, individuals must meet certain income criteria:

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  • Singles earning less than $75,000 annually
  • Heads of households earning less than $112,500 annually
  • Married couples filing jointly earning less than $150,000 annually

Those earning slightly above these thresholds may still receive partial payments, with a phase-out starting at $80,000 for singles. Additionally, individuals who claim dependents, such as college students and seniors, will receive $1,400 for each dependent.

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Application

Applying for the stimulus payments involves a few simple steps:

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  1. Visit the IRS Website: Go to www.irs.gov to access the official portal.
  2. Get My Payment: Follow the instructions and click on the “Get My Payment” option.
  3. Complete the Form: After creating your profile, fill out the online form with the required information and attach any necessary documents.
  4. Wait for Confirmation: Submit the form and wait for the IRS to contact you about your eligibility and payment status.

Payment Schedule

The IRS has outlined the payment dates for the $200 and $1400 stimulus checks. Here are the key dates:

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Payment DateAmount
Saturday, 13th July 2024$200 and $1400
Monday, 15th July 2024$200 and $1400
Tuesday, 13th August 2024$200 and $1400
Friday, 15th September 2024$200 and $1400
Tuesday, 15th October 2024$200 and $1400
Friday, 15th November 2024$200 and $1400
Sunday, 15th December 2024$200 and $1400

Checking Payment Status

To stay informed about the status of your payments, regularly check your bank account for deposits. Additionally, visit the IRS website for updates and detailed information.

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Fact Check

There have been rumors regarding the $200 and $1400 stimulus payments. While some sources claim these payments will be made in July 2024, it’s essential to verify such information through official channels. As of now, the IRS website has not confirmed these specific payment dates. Therefore, it is crucial to rely on official IRS announcements rather than speculative information.

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The anticipated $200 and $1400 stimulus payments in July 2024 aim to provide significant financial support to eligible American residents. By meeting the eligibility criteria and following the application process, individuals can benefit from this economic relief. Always check the IRS website for the most accurate and up-to-date information regarding these payments.

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Who is eligible for the $200 and $1400 payments?

Singles earning less than $75,000, heads of households earning less than $112,500, and married couples earning less than $150,000 annually are eligible.

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How can I apply for the stimulus payments?

Visit the IRS website, follow the instructions under “Get My Payment,” complete the form, and wait for confirmation.

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When will the payments be distributed?

Payments will be distributed on key dates starting from July 13, 2024, through December 15, 2024.

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How can I check the status of my payment?

Regularly check your bank account and visit the IRS website for updates.

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Are the payment dates confirmed by the IRS?

As of now, the IRS has not confirmed specific payment dates, so always verify information through official channels.

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An up-and-coming tax attorney passionate about educating readers on tax planning and mitigation strategies. Juilia articles offer practical advice and actionable tips to help individuals and businesses navigate the intricacies of tax law with confidence.
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