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What Payments Could You Be Eligible for in January 2024 as Part of the Stimulus Checks for 2024?

Bylima

Jan 2, 2024
The Fourth Stimulus Check

What payments could you be eligible for in January 2024 as part of the Stimulus Checks for 2024? Seniors can apply for a $2,600 stimulus check that has already been approved by the federal government.

People will get the $2,600 stimulus check, which is a government payment given to citizens of the United States.

Direct deposits will be used to fund this stimulus payment, which will strengthen the economy. Before getting the payment, recipients of the $2,600 stimulus check must confirm their eligibility by visiting irs.gov.

Since citizens were impacted by the COVID-19 pandemic, the Internal Revenue Service (IRS) has been offering financial assistance.

IRS stimulus checks provided a great deal of assistance to American families in 2023 during hard times. But a lot of people are searching for alternatives because they are in tough financial situations right now.

If an individual is a Social Security beneficiary, they will receive an increase in income in 2024 for both Supplemental Security Income (SSI) and Disability Insurance (SSDI).

As January draws near, millions of seniors in the US are anticipating a slight increase in their Social Security benefits due to the introduction of a new cost-of-living adjustment (COLA).

In 2024, the Social Security COLA will increase by 3.2% to mitigate the impact of growing prices for essentials like food, fuel, and other goods and services.

When Will 2024’s First Payment Be Received?

Beginning in January 2024, beneficiaries of Social Security and Supplemental Security Income (SSI) will receive a phased-in payment schedule for the 3.2 percent COLA 2024 increase.

Because of the January 1, 2024 holiday, the first enhanced SSI payment was scheduled to arrive on Friday, December 29, 2023.

January 3, for beneficiaries who started receiving benefits before May 1997, and January 10, for beneficiaries whose dates of birth fall between January 1 and January 10, are the dates on which future payments are planned.

Beneficiaries with dates of birth between January 11 and January 20 will receive benefits on January 17, and those with dates of birth between January 21 and January 31 will receive benefits on January 24.

By lima

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