$4,000 Stimulus Checks 2024, Know eligibility criteria and more details, Latest news

Published on: September 11, 2024

$4,000 Stimulus Checks 2024: SSA (Social Security Administration) has released the July 2024 payment schedule for stimulus check recipients. Due to high living costs, payments up to $4,000 will now be helpful for people with disabilities to enjoy the benefit of finances and to maintain stability.

Stimulus checks help cover monthly expenses such as healthcare, housing, and other basic life necessities. These payments encompass retirees, individuals living with disabilities, survivors, and supplemental security income recipients.

$4,000 Stimulus Checks 2024: Overview table

Aspects	Details
Organization name	Internal revenue service
Country name	USA
Benefits provided	Cost of living adjustment (COLA)
Amount	$4,000
Payment dates	Set according to birth dates
Article category	Government Aid
Official website	https://www.irs.gov/

$4,000 Stimulus Checks 2024: Payment schedule

Dates	Recipients
3^rd July	SSI recipients and retirees will receive benefits before MAY 1997
10^th July	Beneficiaries born between 1^st to 10^th will receive payments
17^th July	Beneficiaries born between 11^th to 20^th will receive payments
24^th July	Beneficiaries born between 21^st to 31^st will receive payments

$4,000 Stimulus Checks 2024: Cost of living adjustments

The social security benefits that are going to be distributed in July 2024 are increased by 3.2% from the previous payments. The department made the decision to increase payments last year in October. Now, there is an early assumption that the price of COLA will increase by 2.2% in the next year to increase the high cost of living.

Filing an appeal if you believe that you received incorrect social security payment!

You can appeal the decision if you believe that the payment amount that you receive under the Social Security program is not correct. Check out the below-given steps here:

File a request within 60 days after receiving the notice of initial determination. One can request online by mail or by fax.
Request a hearing if you disagree with the reconsideration decision. You will get 60 days from receiving the reconsideration notice to request it.
If you disagree with the administrative law judge’s decision then you can file a request to the appeal council within 60 days only. You can file online or fax.
If you disagree with the appeals council’s decision then you can file a civil action in federal district court.

$4,000 Stimulus Checks 2024:More details

Two primary categories of social security benefits are retirement and disability. The payment amount varies according to the work, age, and experience. As of now the monthly payment for a retired worker is $1,907 while couples who file jointly can receive an amount of $3,303. Payments also vary according to the ages of the recipients. The amount has been decided, considering the increased inflation rates and adjustments in the cost of living in America.

Age	Amount
62 years	$2,710
66 years	$3,652
70 Years	$4,873

SSA calculates the (PIA) primary insurance amount using a formula based on the highest average monthly earning over 35 years which ensures that the benefits are enough for the beneficiary’s lifetime earnings.