Using the general structure of the vacuum polarization tensor ${\Pi }_{\mu \nu }(k_0,\mathbf{k})$ in the infrared (IR) limit, $k_0\to 0$, the ring contribution to the QED effective potential at finite temperature and the nonzero magnetic field is determined beyond the static limit, ($k_0\to 0$, $\mathbf{k}\to \mathbf{0}$). The resulting ring potential is then studied in weak and strong magnetic field limits. In the weak magnetic field limit, at high temperature and for $\alpha \to 0$, the improved ring potential consists of a term proportional to $T^4{\alpha }^{5/2}$, in addition to the expected $T^4{\alpha }^{3/2}$ term arising from the static limit. Here, $\alpha$ is the fine structure constant. In the limit of the strong magnetic field, where QED dynamics is dominated by the lowest Landau level, the ring potential includes a novel term consisting of dilogarithmic function $(eB){\mathrm{Li}}_2(-\frac{2\alpha }{\pi }\frac{eB}{m^2})$. Using the ring improved (one-loop) effective potential including the one-loop effective potential and ring potential in the IR limit, the dynamical chiral symmetry breaking of QED is studied at finite temperature and in the presence of the strong magnetic field. The gap equation, the dynamical mass and the critical temperature of QED in the regime of the lowest Landau level dominance are determined in the improved IR as well as in the static limit. For a given value of the magnetic field, the improved ring potential is shown to be more efficient in decreasing the critical temperature arising from the one-loop effective potential.

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