Americans have recently received great news and have been on cloud nine since. As soon as the news of a 4th stimulus check broke, the US citizens have been elated and relieved. However, only some needful Americans will be provided with stimulus money and they will not be acquiring it until 2022.
So far, numerous Americans have got almost all 3 stimulus checks owing to the financial crisis during the pandemic. Nonetheless, only a handful of those will get the 4th stimulus payment in the year 2022.
4th Stimulus Check Eligibility
There have been several newborns and these new parents who lately had a child or adopted one or acquired a dependent are certainly eligible. They are likely to receive almost $1400 worth of stimulus money in 2022 which is similar to the 3rd stimulus payment given during March 2020.
Recent parents must update the IRS regarding their newborns or new dependents while they file the tax returns for 2021 in the coming year. They will be considered eligible to receive stimulus relief payments for their children.
Couples with an annual income of less than $150,000 and single parents making less than $75,000 each year will also be considered eligible recipients for the entire 4th stimulus check payment.
Few states including Connecticut and California have also announced about offering their own stimulus money, tax credit relief, or unemployment benefits.
Most local state governments have also started their own programs for stimulus funds for qualified citizens in 2022.
Los Angeles announced the BIG LEAP program under Guaranteed Basic Income funds for 3000 eligible people who will receive a monthly payment of $1000 for 1 year.
Chicago will randomly select 5000 households and give $500 each month for 1 year.
These stimulus checks are intended to help financially unstable people in the US.