IRS Tax 4th Stimulus Check Worth, Release Date, Eligibility, Eligible States.The Internal Revenue Service is expected to send out the fourth stimulus check, ranging from $250 to $3,200, to eligible residents of the United States. The exact date for the distribution of the fourth stimulus check has not been disclosed by the IRS, although nine out of twenty states have already begun payouts. If you want to know the amount of your fourth stimulus check and when you will receive it, please continue reading.
Understanding the IRS Fourth Stimulus Check
The first stimulus check was issued in 2020 under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), followed by the second in 2021 under the Tax Relief Act, and the third in 2021 under the American Rescue Plan. The fourth stimulus check is slated to be issued in 2023. Whether you will receive the IRS Fourth Stimulus Check depends on your residential state and Adjusted Gross Income (AGI).
The previous three stimulus checks were valued at up to $1,200, $600, and $1,400, respectively. The fourth stimulus check is expected to be worth up to $3,200. It will be referred to as economic impact payments or inflation-adjusted stimulus checks, designed to provide eligible residents with some relief from the rising costs of food, transportation, and healthcare services.
Eligibility for the Fourth Stimulus Check
To be eligible for a fourth stimulus check ranging from $200 to $1,700, an individual must meet the following criteria if they reside in an eligible state:
- Adjusted Gross Income (AGI) should not exceed $75,000 for individuals.
- Head of household filers with AGI up to $112,500.
- Couples should have an AGI below $150,000.
Even if an individual, head of household, or couple’s AGI exceeds the mentioned thresholds, they may still qualify for a partial payment. For detailed information, please visit the official website of the IRS at irs.gov.
Determining the Value of the IRS Fourth Stimulus Check
The value of the fourth stimulus check varies by state. Here are the amounts for selected states:
- Alaska: $3,200
- California: $1,500
- Colorado: $1,500
- Delaware: $300
- Florida: $450
- Georgia: $250
- Hawaii: $300
- Idaho: $600
- Illinois: $975
- Indiana: $325
- Maine: $975
- Massachusetts: $250
- Minnesota: $488
- New Jersey: $975
- New Mexico: $500
- Oregon: $600
- Pennsylvania: $975
- Rhode Island: $975
- South Carolina: $975
- Virginia: $250
The value of your fourth stimulus check will depend on your Adjusted Gross Income (AGI). The amounts mentioned above represent the maximum checks individuals in those states may receive.
Note: Eligible individuals will receive their stimulus checks from the Department of Taxation and Finance or Revenue of their respective state. For more information, please visit your state’s official tax department website.
In Florida, Georgia, Michigan, Tennessee, and Texas, teachers are expected to receive fourth stimulus checks ranging from $500 to $1,000.
IRS Fourth Stimulus Check: Frequently Asked Questions
When will I receive my IRS Fourth Stimulus Check?
You can expect to receive your fourth stimulus check in the next few weeks. A significant number of eligible residents have already received their checks.
Who is eligible for the IRS Fourth Stimulus Check?
An individual residing in an eligible state with an Adjusted Gross Income (AGI) not exceeding $75,000, or $150,000 for joint filers with a spouse.
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