Clarifying Stimulus Check Rumors: No Fourth Payment in 2024

Amid circulating rumors about a potential fourth stimulus check in 2024, recent statements from the Internal Revenue Service (IRS) provide clarity. Congress passed three stimulus bills during the COVID-19 pandemic, distributing Economic Impact Payments to eligible Americans. The last of these payments was issued in March 2021, totaling over $3,000 per person.

In response to inquiries, an IRS spokesperson confirmed in November 2023 that there are no plans for additional stimulus payments “at any time in the future.” This statement aligns with information available on both the IRS and U.S. Department of Treasury websites. Notably, these official sources make no mention of a fourth stimulus payment, emphasizing that no such initiative is currently in progress.

Congressional Authorization Requirement

To initiate another round of stimulus checks, Congress would need to pass legislation explicitly authorizing the payment. Additionally, President Biden would be required to sign the legislation into law. However, a comprehensive search of congressional legislation reveals no recent efforts or bills related to a fourth stimulus check.

The first three stimulus checks were part of broader legislation passed by Congress and signed into law by the respective presidents. The initial $1,200 payment was included in the CARES Act of March 2020, followed by a $600 check in a spending package passed in December 2020. The third and most recent payment, amounting to $1,400, was part of the American Rescue Plan passed in March 2021.

In November 2023, the IRS issued a reminder that individuals who did not receive one or more of the original federal stimulus payments still have the opportunity to claim them. To receive any missing stimulus payments, taxpayers must file a tax return for either 2020 or 2021, or both, and claim the Recovery Rebate Credit. Generally, the deadline for filing a 2020 claim is May 17, 2024, and for a 2021 claim, it is April 15, 2025.

Read More:

In summary, the ongoing speculation about a fourth stimulus check in 2024 has been debunked by official statements from the IRS. As of now, there is no legislative initiative or authorization for such payments. The emphasis remains on ensuring eligible individuals claim any missing stimulus payments through the established process outlined by the IRS.

Leave A Reply

Your email address will not be published.