Unlock Your $1,702 Stimulus Check This December—Act Fast Before It’s Gone

In 2024, the IRS will make the outstanding payments available to all taxpayers in the nation. However, a number of rumors and false information on the stimulus payout of up to $1702 in December 2024 are making the rounds on the internet during this recovery rebate event.

You should be aware of these and review the IRS’s official statement regarding such payments if you are also receiving such news from a variety of sources.

You can read this article to learn more about the program, including eligibility requirements, news fact checks, how to claim the additional tax benefit payment, and other details, if you are also anticipating receiving the $1702 stimulus payment in December.

December 2024 stimulus payout of $1702

In 2021 and 2022, the US government made three to four one-time payments to residents of the nation under the Coronavirus Aid, Relief, and Economic Security Act (CARES) Act. People who did not claim their reward, however, are still eligible to apply in 2024 under the recovery rebate credit program.

The IRS and other financial institutions in the nation are now not operating any program to deliver up to 1700 USD stimulus payment in 2024 at the federal level, so it will only assist individuals in receiving their outstanding 2021 payments.

In addition to this, other states in the US, such as California, New York, Colorado, Alaska, and others, offer their residents various yearly benefits. Therefore, you can receive the additional payment if you reside in that state, but it is not a federal program.

Stimulus checks payment in USA

To lessen the financial burden on the nation’s low-income citizens, the US government has offered stimulus cheques three times beyond 2020. In March 2020, the CARES Act issued its first stimulus check, which gave each eligible adult and qualifying child $1,200 and $500, respectively.

It was distributed starting in April 2020 and was intended for people making up to $75,000 a year ($150,000 for joint filers), with lower amounts for those with higher incomes. Then came the second stimulus cheque under the 2021 Consolidated Appropriations Act.

With a $600 payout for adults and $600 for eligible children, this amount was lesser. Targeting comparable income thresholds, it was released in late December 2020 and early January 2021, but it faded down more quickly for individuals with higher incomes.

In March 2021, the American Rescue Plan Act introduced the third stimulus check. Each qualifying adult and dependent, including elder dependents like college students and disabled individuals, received $1,400 from this payout.

With more stringent phase-out limits, the eligibility requirements were somewhat modified while keeping the $75,000 income cap for individuals and the $150,000 income cap for joint filers.

Aside from these payments, the authority has not yet made any one-time payments to people at the federal level in 2024.

However, the person has the chance to reapply for payment for their outstanding balance in December 2024, when they can earn up to $1400, if they did not claim the payment or did not receive the payment of March 2021.