Stimulus Check provided a huge relief to all the Americans. The initiative was taken by Joe Biden. The announcement in March brought smiles to the people of America. The pandemic wrecked people saw the checks as a method to survive. But the checks seem to have had their time. After the third check, there is no news of any further payments being sanctioned.
This has left a large chunk of the citizens concerned. Households are still coping up with the aftermath of the deadly pandemic. Necessities are becoming hard to afford for some. Debts and rents are also increasingly adding up to the pressure. A recent study has shown that a large number of people could not clear their debts. The number of rent defaulters has also increased.
The Government funding did benefit a lot of people. However, a noticeable portion of the mass seems to miss out on the financial boosts. The checks can help in expenses or boost up the savings. It should be claimed by everyone qualified for it, stated an official. There were several decisions taken on July 13.
The government urged its people to fight back against the pandemic. They also decided to support low scale businesses with monetary benefits. CFTB has published the whereabouts of the checks on the official website. IRS has announced a special kind of check for the parents. Let us learn about them below.
Stimulus Check Worth $8000 On Offer
Stimulus Check has been confirmed by the IRS. They have sanctioned a new kind of check that will aid the children. The payments will be dispatched as part of the Child and Dependent Tax Credit. In order to claim the money, a household must earn below $125,000 annually.
Families having more than one child under thirteen years can apply for the money. The newest stimulus checks are worth $8000 and will be delivered in 2022.