Stimulus Check announcement comes as a boon to the Americans. A huge chunk of the citizens has benefited from the much-needed financial backup. Common people, businessmen, and many others have already claimed their benefits.
Stimulus Check Packages That You Need To Know
Since the time the administration of Joe Biden announced the Stimulus Checks, American citizens heaved a sigh of relief. Reports portray that financial aid has helped citizens to focus more on productivity. Now they do not have to worry about their financial burden. Analysts reported a sharp decrease of 10% in defaulters since the onset of aids.
IRS rolled out provisions for aiding families who have a total count of four members. The qualified family is 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 design by Joe Biden promises to provide a credit of $3600 to children under 6. It also aids to $3000 for those who are between 6 to 17.
The plan also provides 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 these Stimulus Checks, added-on assistance has also been rolled out. Qualified citizens can receive up to $50 as monthly assistance for the internet. Financial aids related to Daily Necessities, Unemployment, Rent Assistance are also up for grabs. Health premiums were lowered by $50 per month.