The United States has several programs for the benefit of people. Some programs are direct bank transfer benefits as financial aid for the people and some programs are in terms of tax rebates. One such program is $1200 federal checks. The person who is facing problems of the rising cost of living will get the benefit of $1200 federal checks.
The person who is still affected by the COIVD or some other economic challenges will get a direct bank transfer of $1200. America is thinking of including millions of people under the $1200 Federal checks to help people elevate their condition during this hard time of inflation. Let’s check the full report below.
$1200 Federal Checks Direct Deposits
Many Americans still struggling with financial challenges as a side-effect of COVID-19. The people are unable to meet their daily needs as inflation has also risen. The $1200 Federal checks will be a big relief for these people.
The $1200 Federal checks will be part of other federal financial aids that have been done in past to the help the people. However, there is no official confirmation from the govt that when the $ 1200 Federal checks will come and who is going to benefit from them.
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Expected Timeline for the $1200 Federal Checks
Till now, the US govt has not given any statement regarding the $1200 Federal checks. It is hoped that the US govt will issue the $1200 Federal checks through direct bank transfer benefits to the people who have low income. As no official statement from the govt has been released yet for the $1200 Federal checks, as per the previous payments, we can expect the schedule for the $1200 Federal checks will be as follows.
| Payment | Expected Date | Details |
|---|---|---|
| Round 1 | December 2024 | In the first round, the govt will cover the people who have given the correct bank details. |
| Round 2 | January 2025 | The second round is for the people who want the payment through paper cheques. |
| Round 3 | February 2025 | In the third round, the US govt will cover the people who have corrected the mistakes in their application form for the $1200 Federal checks. |
Eligibility Criteria for the $1200 Stimulus Checks
A person must confirm his eligibility for the $1200 Federal checks.
The people who have US citizenship will be covered by the $1200 Federal checks and others are not allowed.
The people who have dependents with them will get some extra payment apart from $1200 Federal checks.
The US govt will include people who are aged more than 65 years for the $1200 Federal checks part from the fact that they are already receiving the benefit of Social Security Income or Social Security Disability Insurance.
- Single Tax Filers: The income of these people should be less than $75000 per year.
- Married Couples (Joint Filers): The income of these people should be less than $150000 per year.
The US govt will provide the benefit of $1200 Federal checks only to those people who have valid Social Security Numbers.
Payment Method: Direct Deposit or Paper Checks
The US govt has given two ways to get the benefit of $1200 Federal checks.
- Direct Deposit: In this method, the applicants will get the $1200 Federal check payments directly in their bank accounts.
- Paper Checks: The people can also receive paper cheques for $1200 Federal checks payment if they need them.
Updates on Payment Approvals (Fact Check)
Till now, there is no confirmation from the US govt that the $1200 Federal checks are approved or not. So, there are no $1200 Federal checks for the people until the govt gives the confirmation official. There are rumors about the $1200 Federal checks. The people are advised to visit the official website of the IRS for the official statements and confirmation for the $1200 Federal checks or another financial aid benefit.
If the US govt approves the $1200 Federal checks, the details will be first uploaded on the IRS website. The people can track the payment for the $1200 Federal checks from the IRS website only. You can use the tool GetMyPayment. All the people who are eligible for the $1200 Federal checks are advised to update their banking and other details in the IRS portal.
How to Track Your Payment (If Approved)
The US govt has given the IRS website to track the payments for various Federal checks. To check the details for the $1200 Federal checks, you can use the GetMyPayment tool on the IRS website. You can manage the following information on the IRS tool.
- Payment Status: You can check the payment status for the $1200 Federal checks there.
- Payment Method: You can choose the payment method for $1200 Federal checks like direct deposit or Bank Cheques.
- Additional Requirements: All other details can also be managed using this tool ofthe IRS website.