Stimulus Check was the solitary silver lining amidst the darkest clouds of pandemics. IRS rolled out provisions for aiding families who have a total count of four members.
The qualified family was set to receive a sum of $11,400 provided they have two children who are within 17. In case the family has not yet received the Stimulus Check they can check their eligibility on the IRS site.
The rescue plan designed by Joe Biden promised to provide a credit of $3600 to children under 6. It also aided to $3000 for those who are between 6 to 17.
The plan also provided financial relief to middle and lower-class families. Unmarried individuals earning less than $21,000 can receive the benefits.
Families having three children earning under 57400 dollars annually also qualify for the Stimulus.
An extension of $8000 for each child has also been announced. This move is believed to provide huge financial relief to the families that qualify.
Apart from all these, some states have responded to the citizens’ call for a new stimulus check. Let us learn more about the story in detail below.
Stimulus Check To Aid Inflation
The covid pandemic might have subsided to a certain extent. However, it has left behind some severe consequences. The economy of the world has taken a huge hit.
Inflation is one of the biggest problems at the moment. People in America are struggling to cope with the rising prices of commodities.
To worsen the condition, the prices of gas have also soared sky-high. All these developments have made the common people call for stimulus checks.
Although the federal government has not responded, several states like Idaho, Georgia, Indiana, New Mexico, and New Jersey have announced the checks.