The Internal Revenue Service (IRS) is distributing automatic stimulus payments to eligible individuals as part of ongoing federal relief efforts. These payments aim to provide financial assistance to those impacted by economic challenges. But who qualifies for these automatic payments? Here’s everything you need to know.

Eligibility for Automatic Stimulus Payments

Automatic stimulus payments are sent to individuals who meet specific eligibility criteria set by the IRS. Key requirements include:

1. Adjusted Gross Income (AGI):
   • Single filers: AGI must not exceed $75,000.
   • Head of household: AGI must not exceed $112,500.
   • Married couples filing jointly: Combined AGI must not exceed $150,000.
   Payments phase out as income increases, with no eligibility for single filers earning above $87,000 and joint filers above $174,000.
2. Tax Filing Status:
   • You must have filed a federal tax return for the most recent tax year (2022 or 2023).
   • Non-filers may also qualify if they receive federal benefits like Social Security, Supplemental Security Income (SSI), or Veterans Affairs (VA) benefits.
3. Dependents:
   • Additional payments may be available for individuals with eligible dependents under the age of 17, as reported on their tax return.
4. Residency and Citizenship:
   • You must be a U.S. citizen or resident alien with a valid Social Security number.

How the IRS Determines Eligibility

The IRS uses the most recent tax return on file to determine eligibility. For non-filers who receive federal benefits, eligibility is based on records from federal agencies. No additional action is required if your information is already on file.

How Payments Are Distributed

The IRS distributes automatic stimulus payments through direct deposit or mailed paper checks. Here’s what to expect:

1. Direct Deposit:
   • Payments are deposited directly into the bank account provided on your tax return.
   • This is the fastest method for receiving funds.
2. Paper Checks or Debit Cards:
   • If the IRS does not have your direct deposit information, payments are sent via mail.
   • Ensure your mailing address is updated with the IRS to avoid delays.

What to Do If You Haven’t Received Your Payment

If you believe you qualify but haven’t received your stimulus payment:

• Check Your Status: Use the IRS “Get My Payment” tool on their website to track your payment status.
• Verify Your Information: Ensure your tax return or federal benefit records are up-to-date.
• Contact the IRS: For unresolved issues, reach out to the IRS directly for assistance.

For more details, visit the official IRS page on stimulus payments at irs.gov.

Final Thoughts

Automatic stimulus payments provide vital financial relief for millions of Americans. Understanding the eligibility criteria and ensuring your information is current can help you receive your payment promptly. If you’re unsure about your status, taking proactive steps will ensure you don’t miss out on these benefits.

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