IRS Tax Fourth Stimulus Check Release Date December 2023

Exciting News Ahead! Brace yourselves for a financial boost this holiday season as the IRS gears up for the release of the Fourth Stimulus Check in December 2023. In this post, we’ll unveil the eagerly anticipated release date, providing you with the vital information you need to plan. Whether you’re curious about eligibility, the application process, or just want to stay informed, we’ve got you covered. Join us as we navigate through the details and ensure you’re well-prepared to make the most of this timely financial support. Your holiday season just got brighter.

 

Fourth Stimulus check release date December 2023 Overview

Category	Details
Update	4th Stimulus Check
Month	December 2023
Organization	US Federal Government
Department	Provincial Government
Authority	Internal Revenue Service
goal	To boost the US Economy
expected Date	30 December 2023
4th Stimulus Check December 2023 Amount	$500 to $2000
Official Website	irs.gov

 

IRS Tax Fourth Stimulus Checks

The Covid-19 pandemic has taken a huge toll on the economy and livelihoods of people across the United States.

To provide relief to struggling Americans, the federal government approved three rounds of economic impact payments or stimulus checks in 2020, 2021 and 2022.

Many are now hoping for a fourth round of direct payments from the Internal Revenue Service (IRS) in 2023.

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SSI Benefits | get ready to receive SSI Payment 2024 | Will SSI Recipients Receive a Fourth Stimulus Check?

IRS Tax 4th Stimulus Check December 2023 Release Date

As of now, there has been no official announcement about a fourth stimulus check from the Biden administration or Congress. However, many lawmakers and economists are calling for additional relief. Some projections suggest the IRS could start sending out the fourth stimulus payments as early as December 2023 if approved by late 2022 or early 2023.

The previous three rounds of stimulus checks took around 2-3 months from the date of approval to the first payments being issued. Going by that timeline, if Congress passes another relief bill authorizing the IRS Tax 4th stimulus checks by September/October 2023, the agency may begin distributing the direct payments from December 2023.

The rollout would likely follow a similar procedure as the previous checks – payments would be sent via direct deposit first to those who have their bank account information on file with the IRS. Paper checks and EIP debit cards containing the money would then be mailed over several weeks. So most Americans could expect to receive their 4th stimulus money by the end of December 2023 or early January 2024 at the latest.

When will the IRS Tax 4th Stimulus Check December 2023 Coming?

As mentioned earlier, there is no guarantee of a fourth round of stimulus checks at this point. A lot depends on how the economy and job market perform through the rest of 2022 and 2023. If inflation remains high and unemployment increases significantly due to a potential recession, public pressure on lawmakers to approve more direct payments may rise toward the end of next year.

Some key events that could potentially impact the timeline for the 4th stimulus check in December 2023 include:

• Midterm elections in November 2022 may change the political dynamics in Congress.
• Release of important economic indicators like GDP growth, inflation, and unemployment rates in late 2022 and early 2023.
• Ongoing debate and deliberations in Congress on the need for further pandemic relief programs.
• Bipartisan support and approval of a bill authorizing the IRS to issue 4th stimulus payments.
• The signing of the relief legislation into law by the President.

if economic conditions deteriorate further, Americans could start seeing the fourth round of direct payments from the IRS hitting bank accounts from mid-December 2023 onwards. But this depends on timely legislative action over the next year.

visit:

$9 million State Tax Rebates program approved.

 

4th Stimulus Checks State Wise Payment Release Date

Like the three previous stimulus checks, the payment rollout for the potential 4th round is also likely to follow a state-wise timeline. Here are some estimates of when residents in different states may start receiving the IRS Tax 4th Stimulus Check in their bank accounts, assuming approval by late 2023:

States	Dates
Tennessee, California, Illinois, and New York	December 18-22, 2023
Texas, Florida, Pennsylvania	December 25-29, 2023
Ohio, Michigan, Georgia	January 1-5, 2024
North Carolina, New Jersey, Virginia	January 8-12, 2024
Washington, Arizona, Massachusetts	January 15-19, 2024
Colorado, Indiana, Maryland	January 22-26, 2024
Wisconsin, Minnesota, Utah	January 29- February 2, 2024
All other states and US territories	February 5-9, 2024

This estimated timeline is based on the IRS having bank account information of eligible recipients and sending payments via direct deposit. Paper checks or EIP cards may take 1-2 weeks longer for some individuals after the projected dates.

IRS Tax Fourth Stimulus Check Amount 

There is no official word yet on how much each eligible American could receive as part of the potential fourth round of stimulus checks. However, based on the amounts distributed in the three previous rounds, here are some educated guesses about the possible IRS Tax 4th Stimulus Check amounts:

Payment Amount	Details
$1,200	This was the amount sent out per individual in the first round of stimulus payments approved in March 2020 under the CARES Act.
$600	The amount approved per person under the December 2020 relief package.
$1,400	The individual payment size authorized under the American Rescue Plan of 2021 passed in March last year.
$1,000	Some lawmakers and analysts have proposed $1,000 as a reasonable amount for the next round of direct payments.

 

the final amount would depend on factors like inflation adjustments, the need for relief as determined by economic conditions, and what can be agreed upon through bipartisan negotiations. The payment may also be tiered based on income eligibility limits similar to previous rounds. But $1,000 to $1,400 seems a realistic range currently if the IRS issues a 4th stimulus check.

also read:

$2000 Stimulus Check update for Senior: expected date, amount, and Eligibility Criteria

IRS Tax Expected Date for Stimulus Check 4

Going by prior timelines, here are some key expected dates related to the potential 4th round of stimulus payments by the IRS:

Timeframe	Details
September/October 2023	Debate and legislative action in Congress on authorizing more relief, including direct payments.
October/November 2023	Continued negotiations and possible passage of a bill.
November/December 2023	Presidential approval and signing of the legislation into law.
December 11-15, 2023	IRS begins sending out direct deposits for eligible tax filers it has banking info for.
December 18-29, 2023	First paper checks and EIP cards were mailed out.
January 8-26, 2024	Ongoing direct deposit payments and mailouts of paper checks/cards.
February 5-16, 2024	The final batch of EIP cards and checks were distributed.
February 28, 2024	Deadline to claim any lost or missing 4th stimulus payment via the IRS website.
April 15, 2024	Tax filing deadline without penalty to receive 4th stimulus as a tax rebate.

if approved, the IRS is expected to begin distributing the potential 4th round of stimulus checks from mid-December 2023, with mailouts continuing through mid-February 2024.

IRS Tax Fourth Stimulus Check Recipient

When it comes to determining who would qualify for receiving the fourth stimulus payment, the IRS is likely to use similar eligibility guidelines as the previous three rounds:

• Individuals with an adjusted gross income (AGI) of $75,000 or less according to their 2021 or 2022 tax return.
• Heads of households (with one child) with an AGI of $112,500 or less.
• Married couples filing jointly with an AGI of $150,000 or less.
• Dependents of all ages may also qualify for a partial payment.
• Resident aliens and citizens living abroad may qualify depending on tax filing status.
• Incarcerated individuals are excluded unless eligible as dependents.
• People who don’t earn enough to file tax returns may qualify based on their SSDI, SSI or VA benefits.
• The “lookback” period may be 2021 or 2022 tax returns depending on approval timelines.

as long as their income remains within the threshold limits, most individuals who received the first three checks are expected to qualify again if a fourth round is approved.

Stimulus For Specific Groups

Besides the general public, certain groups have also been pushing for additional relief payments in 2023:

Group	Details
Social Security Recipients	Beneficiaries of SSDI, SSI, and veteran benefits received automatic payments in previous rounds. Advocacy groups are demanding another check.
Parents	With the expanded Child Tax Credit ending, families are seeking renewed relief for childcare costs amid high inflation.
Student Loan Borrowers	Activists want stimulus for those struggling to restart payments that were paused due to the pandemic.
Unemployed Workers	Continued high unemployment in some sectors means some are still relying heavily on government aid.
Low-Income Renters	Expiring eviction moratoriums and rent relief have increased risks of homelessness for many.
SSI/SSDI Recipients	Inflation has hit fixed-income seniors and disabled citizens disproportionately hard.

 

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FAQs about IRS Tax Fourth Stimulus Check – December 2023

for the latest update visit:  stimuluscheckupdates.com