The child tax credits have already been dispensed by the department treasury as well as the IRS. The round of the stimulus checks is an important part of the American Rescue Plan introduced by Joe Biden, the United States of America president. Some people even consider it to be an unofficial version of the next round of financial aid.
Stimulus Check’s Chain Effect
When it comes to the amount of the stimulus checks, the eligible parents will receive 3,600 USD every year for one child who belongs to the age group of six. And for those parents whose children fall within the age group of six and seventeen years, they will receive a total of 3,000 USD. To make it simple, every month the parents will receive either 250 USD or 300 USD until the month of December.
The ones who will directly benefit from the stimulus checks are families and children. As per the statistical data, forty million households and about 90% of children’s lives will be benefitted. Analysts have also claimed that financial aid will have a positive impact on a third party. That is the retailers. They have stated that the income of the retailers will get a boost in the coming few months.
As per the analysts’ research, the ones who will get the most benefit from the said payments are the restaurant owners and the retailers. They gave, so named some typical companies who will be benefiting. And as per them, Walmart, Grocery Outlet, and Target will be the luckiest ones among all the other grocery stores. And when it comes to e-commerce companies, the stimulus check is said to have a huge impact on Amazon.