Stimulus Check has been the talking point of Americans for the last one year. The money received from the government has benefited the people largely. However, citizens have stated that the money offered was not enough.
The federal government designed the plan in the month of March. They have sent out three rounds of stimulus checks so far. The third round of payments was sent out by the IRS recently. The checks were worth $1400.
These were sent out as direct payments to the qualified individuals. People earning below $75000 were entitled to receive the stimulus payments. According to reports, the money provided is not enough to see the Americans for long.
The amount received by the citizens will soon be used up. Most households have a huge backlog of payments like rent. The shutdown made many Americans lose their jobs. This has resulted in high demand for the fourth round of stimulus checks.
The stimulus check came in three installments. The last of the installments were being rolled out recently by the IRS. The $1400 check seems to be the last check planned by the federal government.
However, a specific group of Americans will be getting a new stimulus check in 2022. Let us learn more about the checks in detail below.
Stimulus Check Up To $1400 For New Dependents
The third stimulus check has been sanctioned long ago. The IRS has announced that people who did not receive the full amount will be sent a plus up.
The lack of financial assistance has concerned the Americans to a large extent. However, new parents can still get a check that will cater to their financial needs significantly.
These checks have been announced by the federal government recently. Families that have welcomed a newborn baby will be getting a payment of $1400.
Any newly added dependent will also be entitled to receive the amount. A resident must have a significant impact on his earnings after the addition of the dependent.
In order to receive the money, a person must not earn more than $75000 annually.