Many Americans are waiting to receive an IRS Stimulus Debit Card February 2024. If you have already applied for this Stimulus Debit Card and the department has accepted your application then you can get the debit card in February 2024 to receive the upcoming stimulus checks. All people must get a debit card which makes it all transactions easy to make payments.
If you are a citizen of the United States and applied for this card then the US Treasury Department will send you a Stimulus Debit Card in February 2024. The concept of a debit card will make the payment process easier as it will be linked to the bank account of the beneficiaries. If you want to know IRS Stimulus Debit Card February 2024 then read this complete article and know when you can expect the Stimulus Debit Card.
IRS Stimulus Debit Card February 2024
The United States Department of the Treasury and the Internal Revenue Service jointly proposed issuing a Stimulus Debit Card in February 2024. As we know the Stimulus was started to provide financial assistance to the eligible people who were affected by the crisis. This stimulus payment is given to eligible low-income families, senior citizens, disabled and survivors based on their financial condition and annual gross income.
If anyone is in the criteria they can receive a Stimulus Check every month. Now the IRS has introduced a Stimulus Debit Card that lets you receive your stimulus funds through a single click. This card will allow people to deposit their stimulus money and use it to manage their expenses.
IRS Stimulus Debit Card for Americans – Overview
| Country | USA |
| Article On | IRS Stimulus Debit Card February 2024 |
| Regulating Authority | Internal Revenue Service |
| Beneficiary | Senior, Disabled, or Survivor |
| Department | US Department of Treasury |
| Card Type | Debit Card or EIP Card |
| Payment | Economic Impact Payment |
| Stimulus Debit Card Release Date | February 2024 |
| Category | Finance News |
IRS Stimulus Debit Card 2024
As soon as February 2024, eligible people will receive a stimulus debit card and further stimulus check payments will be deposited directly into the card. This is important for people because due to digitalization no one wants to carry cash for their expenses. They need some digital form to access their money to pay grocery, restaurant bills and other bills and other expenses.
If you are eligible to receive the Stimulus then the Stimulus Debit Card is for you which allows you to make a maximum payment in the range of $1000 to $9999.9 in one go. To gather more information on this topic you have to go down. If you are a beneficiary and waiting for this card then read this article till the end.
Who Can Get Stimulus Debit Card in 2024?
If you are receiving the Stimulus Checks then you are eligible to get this Stimulus Debit Card in February 2024. The Internal Revenue Service will issue this card who have submitted the application form and whose applications accepted by the department. Now you have to check the complete Stimulus Debit Card Eligibility to know whether you are eligible or not for this card to receive. Below I have mentioned some eligibility that will allow you to receive this card in the coming month.
- You should be a permanent resident of the USA,
- Your Age should be 65 years and above,
- Your AGI should be up to $75K if Single Filer,
- AGI for Households should be up to $112.5K,
- If you are a married couple then AGI should be up to $150K,
- You should be a valid taxpayer in the US,
- You have already been receiving stimulus from the IRS,
- Your maximum cap should not be up to the Federal Threshold, etc.
Is the Stimulus Debit Card and EIP Card the Same?
The EIP card is an Economic Impact Payment card that is used to provide people who are receiving stimulus checks from the government. We are seeing similarities here with EIP and Stimulus Debit Cards as both are used to make electronic transitions as per requirements. You can use both cards for any online purchases, or bill payments where these cards are accepted. EIP and Stimulus debit cards allow people to make payments and also store stimulus paychecks to ensure the safety of the money.
We know that with the card, we do not need to carry the amount. If we have a debit card or EIP card we are free to make the payment at any place. A PIN code is required to operate the card. The authority sending this card will allow eligible people to use this card which is a secure way of transaction along with security of money.
What is the Stimulus Debit Card Amount 2024?
| Filling States | IRS SDC Payment Amount 2024 |
| Single | $1200 |
| Married Couples | $2400 |
| Married Couples with Child | $1200 + $500 Extra per Child |
What are the Limit on IRS Stimulus Debit Card Uses?
| Transactions | SDC Payment Limit |
| ATM Withdrawal | $1000 |
| Point of Sale Transition | $2500 |
| ACH transfer to Domestic Bank | $6000 |
| Teller Over the Counter Withdrawal | $9999.9 |
When Can You Expect a Stimulus Debit Card?
If you have already applied for a debit card then it may be available in the upcoming dates once the application is approved by the Board. All eligible people will receive this debit card with their upcoming stimulus pay cheque. If you are concerned about your Stimulus Debit Card, you can use the website Epicard.com to know the complete updates. Once you have received the Stimulus Debit Card, you can get started with it using the official website and tap on the Get Started option to activate the card for further use.
Above the section, I have described the EPI card transaction limits for using this card. You can use this card only up to the limit mentioned in the above table. So you should be aware of the limits and use this card whenever needed. Once the Stimulus Debit Card is issued, you can receive a confirmation mail at the registered mail address. You can then track your card and know the expected date of receipt. For more updates you want to know here, let me know in the comment box below. I will try to provide you with the best solution here.
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Emily Tedesco is a finance expert with five years of experience, specializing in Social Security and stimulus checks. She graduated from the University of South Carolina and has since made significant contributions in simplifying complex financial topics for the public. Emily is known for her practical advice on maximizing benefits and understanding federal stimulus programs, helping people make informed financial decisions.
I have not got but 1 and I get SSI and ssdi
I’m so very surprised , excited , physically unfit tired so very tired now these payments have truly helped me and I’m truly in Dierks needs of shelter a roof over my head safety security etc