Is There a Missouri Stimulus Check Coming in 2024?

There are no new Missouri stimulus checks coming in 2024. However, if you’re facing financial hardship and need assistance with food, housing, or healthcare, the federal government has many assistance programs you can apply for.

You can also get tax relief if you claim state-level tax credits. Read on to learn more about how tax credits work, which credits you can apply for, and how much you can get.

Is There a Stimulus Check in 2024 for Missouri?

There are no new stimulus checks for Missouri residents in 2024. Other than the three Economic Impact Payments (EIP) that were issued during the Coronavirus pandemic, President Biden and Congress haven’t shared any stimulus updates about new checks through the American Rescue Plan or the CARES Act.

You still have until April 15, 2025, to file your federal tax return to claim your 2021 Recovery Rebate Credit.

Missouri Stimulus Check 2024

Missouri doesn’t have a state-level Child Tax Credit (CTC) or Child and Dependent Care Tax Credit (CDCTC). However, you can still claim the state’s Earned Income Tax Credit, which is also known as the Missouri Working Family Tax Credit.

Lawmakers passed a bill in the 2021 legislative session to enact a state EITC. While a bill was introduced in 2014 to enact a state-level Child Tax Credit, it wasn’t signed into law.

How do Missouri Stimulus Checks Work?

Tax credits are not senior stimulus programs, but they’re used by the federal and state governments to offer tax relief to low and moderate-income taxpayers. These credits can reduce your tax liability on a dollar-for-dollar basis.

Tax credits can be refundable or non-refundable. Nonrefundable credits can lower your tax bill, but you won’t get a refund for the surplus. With a refundable credit, once your taxes due are reduced to zero, you’ll get a check or direct deposit for the surplus.

“While there is no stimulus check, always work with a tax professional to make sure you get all the deductions you can to save money,” says Teresa Dodson, a debt expert and the founder of Greenbacks Consulting. “Also, Missouri does have one of the lowest costs of living in the U.S., which is helpful,” she adds.

Who Is Eligible for Missouri’s Stimulus Checks?

You must meet these eligibility requirements to qualify for the Missouri Working Family Tax Credit:

• You qualified for a federal Earned Income Tax Credit (EITC) for the same tax year.
• You have a tax liability once the Property Tax Credit or other tax credits have been applied.
• Your filing status must be single, married filing jointly, qualifying widow(er), or head of household.
• Your investment income should not be more than $4,050 during the year.

You must also meet these earned income and adjusted gross income limits set by the IRS to qualify:

• No qualifying children: $17,640 (single, head of household, widowed) $24,210 (married filing jointly)
• 1 qualifying child: $46,560 (single, head of household, widowed) $53,120 (married filing jointly)
• 2 qualifying children: $52,918 (single, head of household, widowed) $59,478 (married filing jointly)
• 3 or more qualifying children: $56,838 (single, head of household, widowed) $63,398 (married filing jointly)

How Much Do You Receive and When

The Missouri Working Family Tax Credit is 10% of the federal EITC. This is a nonrefundable credit and it can’t be carried forward to the next year.

The credit amount is calculated using Form MO-WFTC. You’ll need to attach the form to your state individual income tax return along with a copy of your federal return to claim the credit.

How To Track the Status of Your Missouri Stimulus Checks

Its important to keep in mind that you won’t get a separate Missouri stimulus check even if you qualify for and claim state tax credits. The credits will be applied to your tax bill and if you’re eligible to get a refund, you’ll get it as a paper check or through direct deposit.

The Missouri Department of Revenue takes up to five business days to process electronically filed returns and three to four weeks for paper returns. You can track the status of your Missouri tax return online if you haven’t received the refund amount in your bank account within the expected timeframe.

How To Apply for Missouri’s Stimulus Checks

You’ll need to file your state income tax return to claim the Missouri Working Family Tax Credit. Fill out Form MO-WFTC to calculate your credit amount and attach it to your state income tax return. You’ll also need to attach a copy of your federal return.

If you’re not confident about filing taxes on your own, ask a tax professional to file them on your behalf. You can also visit your local VITA or TCE office for in-person tax help or use the IRS’s Free File. The IRS offers a number of free tax filing services to eligible low-income filers.

Apply for Financial Assistance in Missouri

With no new Missouri stimulus checks coming in 2024, claiming federal and state tax credits can be a viable alternative to receive a larger tax refund for temporary relief. We also recommend applying for any government-funded financial assistance programs or local nonprofit assistance that you may qualify.

For those dealing with unsecured debts like credit card balances and medical bills, Missouri debt relief programs offer effective options to help reduce your debt load.

Visit our Arkansas stimulus checks, Iowa stimulus checks, and Oklahoma stimulus checks pages for information about programs you can apply for in those states.