After two years of living in a constant state of crisis due to the Covid epidemic, some significant improvements have now occurred. For example, on flights, trains, and other types of public transportation, the face mask regulation is no longer in place. Similarly, federal stimulus checks intended to alleviate some of the economic anguish caused by the pandemic are no longer available.
The federal government has sent more than a half-dozen stimulus payments in the last 12 months. A third $1,400 stimulus check and six-monthly child tax credit payments are included in this wave of gains. In other words, there are so many stimulus payments that answering the inquiry “Where’s my stimulus check?” must first be followed by, “Which one are you talking about?”
The federal government issued checks that transferred up to $16 billion to taxpayers every month. According to the IRS, for at least six months. And that’s just for the payments of the child tax credit. Meanwhile, a scattering of stimulus checks is still being sent to various constituent groups at the state level. We’ll take a closer look at everything down below.
Background on Stimulus Payments
New stimulus check updates are released regularly, so we’ve put up this helpful roundup. Keep checking back because we’ll post new stimulus check updates as soon as further information becomes available. Meanwhile, before we get to the “Where’s my stimulus check?” question, let’s look at how we ended ourselves here.
The “American Rescue Plan,” a $1.9 trillion stimulus plan authorized by Congress in early 2021, was the spark. It breezed through Congress and onto President Biden’s desk less than two months after his inauguration. The bill was a follow-up to President Trump’s stimulus package issued in December 2020. That package provided Americans with a new wave of $600 stimulus cheques.
The second round of checks was a feature of Biden’s stimulus proposal, which the President signed on March 11, 2021.
Since the commencement of the epidemic, the federal government has made three one-time direct coronavirus assistance payments. The last two payments totaled $1,200, followed by a $600 check. The IRS was given permission to send out a third wave of stimulus cheques, each worth $1,400.
There will be more checks.
The American Rescue Plan also permitted an increase in the federal child tax credit, which was previously capped at $2,000 per child. The price was increased to $3,600 due to the pandemic, but legislators got clever here. The enhanced benefit was designed by Congress so that participants will get half of it in 2021. The first half was given as a deposit. Six monthly checks will be issued from July 15, 2021, through December 15, 2021, and six-monthly checks will be issued.
Importantly, as was evident from the start, Democrats have trapped themselves into a political hole in a fourth stimulus payment. Essentially, they acclimatized tens of millions of Americans to the federal government’s lifeline of a monthly stimulus payment. Then he immediately removed it.
Remember when Kamala Harris said we needed $2,000 monthly stimulus check, then got put in a position to make it happen and hasn’t mentioned it since?
— Eddie (@SoSocialism) April 20, 2022
As the Biden administration desires, a continuance of these payments in 2022 remains in question, as evidenced by West Virginia Democratic Senator Joe Manchin’s refusal to support an extension.
What happened to my stimulus check?
However, there is one benefit associated with this that is already guaranteed until 2022.
Is your total, together with the amounts of all six child tax credit checks you received last year? When you submitted your federal taxes this year, you should have received a tax credit for the same amount. The second half of your child tax credit will be applied to this. For the time being, the enhanced recognition will come to an end.
Read More:-
- Update on Stimulus: Your Tax Refund Could Be Your Best Bet for a Stimulus
- Uncle Sam’s Annual Countdown: How Many of Us Will Be Getting a Tax Refund This Year? How Many of Us Have Debt?
- Stimulus Update: the IRS Urges Taxpayers to File Claims for Unpaid Stimulus Funds
There’s always the possibility that the Senate may review the bill enabling the extension of these checks. However, that option appears to be exceedingly unlikely for the time being.
