Explore how individuals who meet the criteria can secure a significant $12,000 stimulus boost via state and federal rebates, providing much-needed financial assistance. Determine your eligibility and get insights into crucial tax credits and important deadlines that can benefit you.
2024 Stimulus Check: Are you one of the eligible Americans to receive $12,000? (Photo: Canva/Rachelle J)
2024 Stimulus Check: Financial Assistance Beyond the Traditional Stimulus Checks
The final stimulus check was issued a few years ago, and while there are no plans for a fourth direct payment, the government can still help financially distressed households.
Some Americans can receive a $12,000 “stimulus check” in state and federal rebates. $12,042 requires the Federal Income Tax Credit (EITC) Young Child Tax Credit (YCTC), and California Earned Income Tax Credit.
For the Federal Income Tax Credit, you must have earned less than $63,398 in 2023. If you have three or more children, you can get $7,430, two kids $6,604, one child $3,995, and no kids $600.
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2024 Stimulus Check: Navigating CalEITC and Young Child Tax Credits in California
Only California citizens earning $30,931 or less last year can get the CalEITC. With three kids, they can spend $3,529, but with fewer or no kids, less. For taxpayers with children under six, the CalEITC may be supplemented with the Young Child Tax Credit, which refunds up to $1,083.
To get a refund, file 2023 taxes. California will collect tax returns through October 15, while federal taxes begin on January 29 and are due on April 15. If qualified, file on time to avoid penalties and earn the entire return.
Electronic returns are handled within 21 days, whereas paper returns take three months. Everyone is excited to receive this 2024 stimulus check. For more updates, you may check the official website of the Internal Revenue Service
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