What Happened to Florida’s Stimulus Checks? A Look at 2024 Plans and Proposals

There have yet to be any public updates from the government on the stimulus plan, even though there are many social media posts about Florida stimulus checks for 2023.

But if you need help with money, there are a lot of tools you can look into. You can get help with a lot of things, from food stamps and SNAP to loans for rent and HUD.

There are no plans for any Florida stimulus checks in 2024 or any other benefits that are planned to be distributed. News of the fourth stimulus checks is incorrect because the government hasn’t approved these payments.

 

 

 

 

 

 

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Will the state of Florida get a stimulus check in 2024?

There will not be a stimulus check for the state of Florida in 2024. But Governor Ron DeSantis wants to give Florida people tax breaks worth more than $1.1 billion for the fiscal year 2024–2025.

One of the suggested suggestions is to exempt homeowners insurance policies from assessments, fees, and taxes for one year. This could lower average insurance premiums by up to 6%. A permanent sales tax exemption for over-the-counter medicines for pets and a permanent exemption on flood insurance policies can also save people money for the year.

Who is getting stimulus checks in Florida?

Individual tax filers with an adjusted gross income of $75,000 or less and married couples filing jointly with an adjusted gross income of $150,000 or less were eligible to receive the full Economic Impact Payments. The amount was reduced by $5 for every $100 above these income thresholds.

Single filers with income of over $99,000 and joint filers without children with income of over $198,000 for the tax year were not eligible. Railroad retirees and Social Security recipients who aren’t required to file an income tax return were also eligible.

Florida has already sent out the $450 Third Stimulus checks to eligible families. The checks were mailed directly to the recipients and should have arrived within the next seven days after the letters were sent out.

 

 

 

 

 

 

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Who Is Eligible for Florida’s Stimulus Check?

People who file their taxes alone and have an adjusted gross income of $75,000 or less or married couples who file jointly and have an adjusted gross income of $150,000 or less could get the full Economic Impact Payments. For every $100 above these income levels, the amount was cut by $5.

People who filed as a single person and made more than $99,000 or were married and made more than $198,000 that tax year were not qualified. People who get Social Security and retire from the railroads but don’t have to file an income tax return were also qualified.

How To Apply for Florida’s Stimulus Check

The majority of people in Florida who met the requirements for the stimulus checks automatically got their money. Based on what was on their tax return, the IRS sent the payments automatically to those who were qualified.

The money went directly into the bank account you gave them when you asked for your tax return. It’s possible that you got a paper check if you didn’t choose direct payment for your tax refund.

How much is the 2024 stimulus check?

The U.S. government has not announced any plans for additional stimulus checks in 2024. While there has been buzz on social media about a potential $1,400 4th stimulus check for Social Security recipients in June 2024, the IRS has not verified these rumors.

For the Social Security Administration (SSA) to consider a 4th stimulus check-in in 2024, inflation rates would need to exceed 4%. Current inflation is around 3%, making a $1,400 stimulus check unlikely.

Related Articles:

• Michigan Stimulus Checks 2024: New Eligibility Guidelines
• Michigan’s 2024 Stimulus Checks: Arrival Timeline Explained

In 2023, Florida provided a one-time payment of $450 per child to eligible households and a $1,000 bonus for teachers, but there are no plans for additional state stimulus checks in 2024.

What to Do If You Didn’t Get Your Stimulus Check

Most taxpayers who were qualified have already gotten their stimulus checks. However, if you haven’t gotten one or more Economic Impact Payments, you may still be able to get a Recovery Rebate Credit.

Visit IRS.gov to check your online account with the IRS. When you go to the Tax Records page, you can see the full amounts of the payments you are qualified for. For those who did not get the first or second stimulus payouts, you can still claim the Recovery Rebate Credit when you file your 2020 federal tax return.

You’ll need to look at Letter 6475 to find out how much money you’re eligible for and then file your 2021 federal income tax return to claim the credit if you haven’t already.

FAQs 

Will there be a Florida state stimulus check in 2024?

No, there is no Florida state stimulus check planned for 2024. Governor Ron DeSantis has proposed over $1.1 billion in tax relief for Florida residents for the 2024-2025 fiscal year instead.

How much were the previous stimulus checks in Florida before 2023?

Before 2023, eligible Florida residents received three rounds of Economic Impact Payments starting in the Spring of 2020. The amounts varied, with the first round providing up to $1,200 per individual and $2,400 per married couple, the second round offering $600 per individual and dependent child, and the third round providing $1,400 per individual and $2,800 per married couple.