Get Ready for 4th Stimulus Check IRS Tax: Release Date, Eligibility, Eligible States

ByChohdary

The Internal Revenue Service (IRS) is gearing up to distribute the fourth round of stimulus checks to eligible U.S. residents. These stimulus checks, officially known as economic impact payments or inflation-adjusted stimulus checks, are intended to alleviate the financial burden caused by the rising costs of essential goods and services, such as food, transportation, and healthcare.

Stimulus Amount

Unlike the previous three rounds of stimulus checks, which were valued at $1,200, $600, and $1,400, the fourth stimulus check is expected to be more substantial, with amounts ranging from $250 to $3,200. The exact value of your stimulus check will be determined by your Adjusted Gross Income (AGI).

Eligibility Criteria 

To be eligible for the fourth stimulus check, you must meet specific criteria, provided you reside in an eligible state. The eligibility requirements are as follows:

Individuals: 

  • Your AGI should not exceed $75,000.
  • If you are the head of a household, your AGI should be up to $112,500.
  • For couples, your combined AGI should be below $150,000.

It’s important to note that even if your AGI surpasses these thresholds, you might still qualify for a partial payment. For more comprehensive eligibility information, please refer to the official IRS website at irs.gov.

Stimulus Check Amounts by State 

The value of your fourth stimulus check can also vary depending on the state in which you reside. Here are the projected stimulus check amounts for selected states:

  • Alaska: Up to $3,200
  • California: Up to $1,500
  • Colorado: Up to $1,500
  • Delaware: Up to $300
  • Florida: Up to $450
  • Georgia: Up to $250
  • Hawaii: Up to $300
  • Idaho: Up to $600
  • Illinois: Up to $975
  • Indiana: Up to $325
  • Maine: Up to $975
  • Massachusetts: Up to $250
  • Minnesota: Up to $488
  • New Jersey: Up to $975
  • New Mexico: Up to $500
  • Oregon: Up to $600
  • Pennsylvania: Up to $975
  • Rhode Island: Up to $975
  • South Carolina: Up to $975
  • Virginia: Up to $250
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Please bear in mind that these amounts represent the maximum checks that individuals in these states may receive. Your actual stimulus amount will depend on your AGI and other eligibility factors.

Distribution Information

Eligible individuals can anticipate receiving their fourth stimulus checks from their respective state’s Department of Taxation and Finance or Revenue. For more specific details on the distribution process, we recommend visiting your state’s official tax department website.

Conclusion

The IRS is preparing to issue the fourth stimulus check, which could range from $250 to $3,200. Eligibility is contingent on your AGI, and even if you exceed the income thresholds, you might still qualify for a partial payment. The stimulus amounts differ by state, with various states providing different maximum amounts. For the most accurate and up-to-date information, please refer to the official IRS and state tax department websites.

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