Missed the $1,500 Stimulus Check? Here’s What You Need to Know!

By Dhivya Easwarasamy On Jan 11, 2024

Missed the $1,500 Stimulus Check Here's What You Need to Know!

The Internal Revenue Service (IRS) is set to distribute $1,500 stimulus checks on January 10 to individuals who meet certain criteria.

This financial relief is aimed at helping those who are legal taxpayers in the country, and it comes as a one-time rebate.

Eligibility Criteria

To qualify for the stimulus check, individuals must have filed their 2021 taxes. The IRS has set this condition to ensure that the money goes to genuine beneficiaries.

The payments are expected to benefit around 1.2 million households, with both homeowners and tenants included.

Financial Support for Homeowners and Tenants

According to BSc News Portal, in addition to homeowners, almost 900,000 tenants will receive a $450 payout.

This support is particularly crucial as many homeowners and tenants have expressed concerns about their ability to pay taxes.

Income Criteria

The Income Tax Gujarat website outlines the income criteria for eligibility.

Homeowners with incomes of $150,000 or less qualify for the full $1,500 stimulus check, while those with incomes of $250,000 will receive a $1,000 stimulus check.

Application Process for Missing Payments

For individuals who did not receive their stimulus payment on January 10, there is a straightforward application process. The IRS lead portal provides a link for tenants and landlords to apply.

Applicants will be required to enter accurate information and may need to submit relevant documents related to their property and lease.

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Contact Information for Assistance

In case applicants encounter any issues during the application process, they can contact the IRS at (877) 658-2972 to register their application.

It is crucial for applicants to ensure that all details and documents are correct, and that they have filed their tax return for the respective fiscal year.

This stimulus check aims to provide timely financial relief to those facing economic challenges, emphasizing the government’s commitment to supporting individuals during these challenging times.