Stimulus Check for the fourth round seems very much unlikely. The government has no plans of announcing further rounds of payments. Citizens of America have been routing for added payments for a long time. They stated that many households still need money to survive. The money provided as Stimulus Checks we’re not sufficient. The received money is expected to be exhausted within a span of three months. Considering the current situation of America, these concerns do seem legit. The federal government also justified its decision of not providing any more money. Families that gave birth to newborn babies can rejoice though. According to the latest announcements, all the families that have given birth to a child will get financial assistance. Let us learn more about the topic below.
Stimulus Checks For Babies
Checks for the third and final installment have been rolled out. The IRS plans no further assistance to the citizens. The unemployment benefits that were announced will also be scrapped. September will probably be the last time the money will be rolled out for the unemployed. However, if you have given birth to a child recently, you might just get lucky.
According to the latest announcements, a $1400 check is waiting for all the newborns. Families who gave birth in the year 2021, will be entitled to receive the money. The qualification criteria also have a catch. In order to receive the money, a family has to earn below $150,000. This is expected to be a one-time payment.
In addition to the Stimulus Check, families will continue to get the Child Tax Credit as well. This money is scheduled to be sent per month on the 15th. The payments will continue till the end of the month.