Tennessee Stimulus Check: What To Know in 2024

There have been no new stimulus updates in 2024 about new Tennessee stimulus checks. If you’re facing financial hardship, there are many resources available.

From rental assistance from the HUD to food benefits like SNAP and unemployment benefits, the federal government has many financial assistance programs to help ease the burden for millions of Americans. In addition, you may also qualify for many state relief programs, like the Tennessee state government’s property tax relief program.

Read on to learn more about who qualifies for property tax relief, how it works, and how to apply.

Is There a Tennessee Stimulus Check in 2024?

There are no new Tennessee stimulus checks coming in 2024. While the Economic Impact payments sent by the Internal Revenue Service (IRS) during the coronavirus pandemic had been a major help for millions of Volunteers State residents, President Biden has no plans of issuing any further benefit payments through the American Rescue Plan or the CARES Act initiatives, and the deadline for filing your taxes and claiming the Recovery Rebate Credit is May 17, 2024.

If you’re facing financial hardship and difficulties affording necessities, you may want to check if you qualify for the federal benefits programs first. You may also want to take advantage of any other tax relief programs offered by the Tennessee state government.

Tennessee Stimulus Check 2024

Tennessee doesn’t have a state-level Child Tax Credit (CTC), Earned Income Tax Credit (EITC), or Child and Dependent Care Tax Credit (CDCTC) for taxpayers.

You can still claim the federal tax credits to lower your tax obligations and get a larger tax refund.

Tennessee also has a property tax relief program for disabled and low-income elderly homeowners, disabled veterans, and their surviving spouses. The state program began in 1973 and was funded by appropriations authorized by the General Assembly. Each year, more than 100,000 qualifying homeowners in Tennessee receive benefits through this program.

“It should be noted that property tax relief provided by the state of Tennessee is technically considered reimbursement of property taxes that have been paid by homeowners who qualify for this assistance,” explains Brad Reichert, founder and managing director of Reichert Asset Management. “This reimbursement can be considered a form of tax credit,” Reichert shares.

How do Tennessee Stimulus Checks Work?

Property tax relief is a form of financial assistance for qualified applicants. It pays a portion or all of the property tax for homeowners, depending on what they qualify for.

You’ll need to complete and submit an application each year to receive the benefit. The application can be submitted once you receive your city or county property tax bill to receive a portion or all of the property tax bill back.

Who Is Eligible for Tennessee’s Stimulus Checks?

If you’re a disabled or elderly homeowner, you may have to provide income documentation, such as W-2, 1099, or your most recent tax return. If you’re a disabled veteran or a widow(er) of one, your eligibility will depend on the information provided by the VA. You’ll need to complete the Tennessee F-16 form (or an F-16S form, if you’re a qualifying widow(er)) to provide consent for the release of your (or your spouse’s) disability rating and income information.

Here are the eligibility requirements for property tax relief for senior citizens:

• You must be 65 years old
• You must provide your annual income from all sources
• You must be a homeowner and use it as your primary residence
• Your maximum 2022 income from all sources should not exceed $33,460

Here are the eligibility requirements for property tax relief for disabled individuals:

• You must be 65 years old.
• You must provide your annual income from all sources.
• You must be a homeowner and use it as your primary residence.
• Your maximum 2022 income from all sources should not exceed $33,460.

Here are the eligibility requirements for property tax relief for disabled veterans:

• You must own your home and use it as a primary residence.
• You must complete the F-16 consent form for the release of income and disability information from the VA.
• You must have a total and permanent disability.
• You must have a service-related disability that resulted in permanent paralysis of both legs and lower body due to a disease or traumatic injury to the brain or spinal cord, legal blindness, loss, or loss of use of two or more limbs.
• You must have a 100% total and permanent disability rating due to being a prisoner of war.

Here are the eligibility requirements for property tax relief for a widow(er) of disabled veterans:

• You must own your home and use it as a primary residence.
• You must complete the F-16S consent form for the release of income and disability information from the VA.
• You must have been married to the disabled veteran at the time of the death and must not have remarried since.
• You must provide a personal ID and your spouse’s death certificate.
• The veteran must have met the disability requirements listed above.

How Much Do You Receive and When

The amount of property tax relief you can get will depend on your property assessment and your city and county tax rate.

Here’s the maximum market value on which tax relief is calculated:

• $30,900- Elderly homeowners
• $30,900- Disabled individuals
• $175,000- Disabled veterans
• $175,000- Widow(er) of disabled veterans

How To Track the Status of Tennessee’s Stimulus Checks

The processing time for applications depends on the workload received by the Tennessee Comptroller of the Treasury at a given time in the tax year. However, you can check the status of your application online through the Tax Relief Application Status Search tool.

You’ll need to select your county and tax year and provide your last name and the last four digits of your Social Security number to search.

How To Apply for Tennessee’s Stimulus Checks

You can apply for property tax relief once you receive your 2023 bill. You must apply within 35 days after the delinquency date, and taxes must also be paid by this date.

Contact your county trustee to apply. You can also contact your city’s collecting official to apply if your home is within the city’s limits.

Get Financial Help in Tennessee

There are no Tennessee stimulus checks or other state benefits coming in 2024. Any news of the fourth stimulus checks you may have heard is incorrect because the federal government hasn’t approved any new payments since the third and final one was issued in March of 2021. We recommend searching for state-run benefit programs you may qualify for in Tennessee.

If unsecured debt is straining your finances, Tennessee debt relief programs, including options in major cities like Nashville and Memphis, can help you regain control of your financial situation.

Visit our Kentucky stimulus checks, Indiana stimulus checks, and Missouri stimulus checks pages for information about programs you can apply for in those states.