The United States Government and the Internal Revenue Service (IRS) have verified updates regarding the $8,700 stimulus checks. Information about these checks is circulating widely online, prompting the IRS to release a detailed update. Individuals seeking information on the $8,700 stimulus checks should refer to official IRS communications and the details provided below.
Understanding the $8,700 Stimulus Checks
This Article Includes
To aid those with low incomes and those facing rising costs, the U.S. government has previously distributed stimulus checks. The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) was enacted in March 2022, providing direct payments to eligible citizens. Under this act, adults received one-time payments of $1,200, and children under six received $500.
Currently, there are rumors that the IRS is preparing to distribute new $8,700 stimulus checks.
New Stimulus Check Dates in 2024
The IRS’s official Twitter account has recently issued a statement advising taxpayers to be cautious of misinformation and scams circulating on social media. The IRS emphasizes the importance of verifying information through official channels to avoid falling victim to fraudulent activities.
Eligibility for the Stimulus Check
Stimulus checks, also known as economic impact payments, are direct financial aids designed to help individuals facing financial difficulties, particularly those exacerbated by the COVID-19 pandemic. Rumors suggest that the IRS may issue an additional $8,700 in stimulus checks to eligible recipients in June 2024.
Criteria for Receiving the $8,700 Stimulus Check
To be eligible for the rumored $8,700 stimulus check, individuals must meet the following criteria:
- Permanent residency in the United States and American citizenship.
- A valid Social Security number for each family member.
- An annual income of less than $75,000 for single taxpayers.
- An annual combined income of less than $150,000 for married couples filing jointly.
- An annual income of less than $112,500 for heads of household.
Stay informed and ensure you are referencing accurate and official information from the IRS to understand your eligibility and the details of the stimulus check updates.
