Sunday, October 6

Fourth Stimulus Check, Far, But Tax Credits Are Coming Soon: The IRS Calendar


A fourth stimulus check does not appear to be coming anytime soon, however, should the Biden administration decide to send a new round of direct payments to Americans, those eligible for the funds would have to wait for a extra time

Cuarto cheque de estímulo, lejos, pero muy pronto llegan los créditos tributarios: el calendario del IRS
If you have arrears on your mortgage or your utility bill, you could receive additional help.

Photo: ADEM ALTAN / AFP / Getty Images

Rubén Rivera

A large number of Americans have been waiting for the approval of the fourth stimulus check to which experts and legislators have joined arguing the need to help those most in need to fight the crisis caused by the coronavirus and to lift a record number of people out of poverty .

Although President Biden has so far not requested this type of payment in its two economic plans , the idea of ​​a fourth round of stimulus checks has not been completely ruled out either.

Still, if it happens, due to the political system of the United States those who meet the requirements should wait for Congress to pass the bill get to you.

A divided Congress

Because the Congress is divided and Democrats have a slim majority in the House of Representatives while the Senate is divided into a 50%, at least 10 Republican lawmakers should accept the proposals Democrats and fully support them . This is not all, in addition to the support of the Republicans . Americans could change . This means that fewer citizens would end up receiving the aid.

The road to a fourth stimulus check has not even begun, yet some Americans will start receiving extra funds very soon .

Related: Fourth stimulus check: How registered unemployment could open the possibility of discussing a new direct payment

The arrival of tax credits and help for invoices

The Extended Child Tax Credit will allow eligible families receive a direct deposit from the Internal Revenue Service (IRS) as of 15 July , thank you upon payment of $ 300 dollars for each child under 6 years of age and $ 250 dollars for those between 6 and 13 years.

These payments will continue on a monthly basis until December unless the American Families Plan is approved, which provides for an extension of the program until 2025.

In addition to those funds, eligible parents and caregivers could claim up to $ 8, 000 or $ 16, 01 additional dollars when you file your taxes of 2021 also if you have documents that prove that you incurred expenses during the year to take care of a dependent.

In case of having arrears in your mortgage or in the invoice of your services also you can access a stimulus through the Homeowners Assistance Fund that was contemplated by the law that was approved in March, so you must fill out an application and approach the housing agency that corresponds to you .

You may be interested in:

Share this:

Like this: