Millions of Americans are facing financial issues and forced to live in unstable conditions. The department started program by giving $4000 Stimulus Checks. Citizens who meet the eligibility criteria designed by the department are able to receive these benefits. Residents of America who are already receiving the benefits of Supplemental Security Income (SSI) can apply for this payment.
$4,000 Stimulus Checks 2024
As per the reports, the distribution of these $4000 Stimulus Checks is crucial for beneficiaries to pay bills and maintain their lifestyle. It will also help them in getting access to requirements like housing, health care, and medical facilities, which are essential for living. The department has set this amount to help citizens cope with increased inflation rates and adjustments in the cost of living in America.
New $4000 Stimulus Checks – Overview
| Organization | Internal Revenue Service |
| COLA | Cost-of-Living Adjustment |
| Country | USA |
| Amount | $4000 |
| Payment Dates | Wednesday (DOB) August 2024 |
| Category | Government Aid |
| Official Website | https://www.irs.gov/ |
$4,000 Stimulus Payment Dates in July 2024
In July 2024, it is highly expected that residents will receive the payment depending upon the criteria. The Social Security Administration always uses the birthdates of beneficiaries to distribute payments. But, the recipients of Supplemental Security Income and retirees receiving benefits before 1997 May will receive their payment on the 3rd of July 2024.
The payment dates of other beneficiaries of the Social Security Administration are as follows:
- Citizens who are born between the 1st & 10th of the month received their payment on the 10th of July 2024.
- Eligible citizens who are born between the 11th & 20th of the month received the payment on the 17th of July 2024.
- Qualified citizens who are born between the 21st & 31st of the month will receive the payment on the 24th of July 2024.
$4,000 Stimulus Checks Amount 2024
The amount of $4,000 Stimulus Checks, which is going to be distributed among beneficiaries, entirely depends on factors like work experience, work credits and the age of beneficiaries.
- Seniors with the age of 62 years will receive the benefits of $2,710.
- Seniors who are retiring at the age of 66 years will get a payment of $3,652.
- Seniors who are retired at the age of 70 will get a payment of $4,873.
The Department of Social Security Administration usually uses the highest indexed average monthly earnings of citizens up to 35 years old to calculate the Primary Insurance Amount (PIA). With the help of this calculation, they ensure that beneficiaries will get benefits for lifetime earnings.
Cost of Living Adjustments & Financial Security In 2024
Usually, the social security benefits that are going to be distributed in July 2024 will include an increase of 3.2% in payments. This COLA increase of 3.2% for the year 2024 is decided by the department in October 2023. Such an increase is significant for citizens to consider and helps them to cope with increased expenses. Now, there is an early assumption which says that a 2.2% increase in COLA 2025 is expected for beneficiaries.
How do you Appeal for Incorrect Social Security Payment
Beneficiaries who believe that they have received an incorrect amount of Social Security payments from $4000 Stimulus checks can appeal. The necessary steps which need to be taken by citizens for appealing are as follows:
- They need to file a request for reconsideration within 60 days of receiving notice.
- If the reconsideration decision does not satisfy you, you can also call for a hearing.
- If you are not satisfied with the Law, you can request a review by the Appeals Council within 60 days.
- You also have the right to file a complaint in the Federal High Court against them.