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Friday, January 27, 2023

Stimulus Check: No More Funds To Play With

Stimulus Check demands for the fourth round have intensified to a great extent. The demands have now been around for a long time. 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 check.

Stimulus Checks Dries Up

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The $1400 check seems to be the last check planned by the federal government. However, some of the states have decided to provide a selected section of workers with money. 

The check is designed as a token of thanks to the people who risked their lives and worked amidst the pandemic. Georgia has announced a $1000 stimulus check for all their education workers. California and Florida have also confirmed the $1000 check for their teachers. 

Texas & Florida have also announced bonus payments for their teachers. Maryland will give out stimulus check worth $500-$300 to all their moderate earners. The family must earn below $53000 jointly to qualify. Several other states like New Mexico, Vermont & Washington, D.C. have also promised to fund their citizens with money. The qualifying families having children will also receive money from  Child Tax Credit. 

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