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Home / Tips and Tricks / Is there a new stimulus check in the works? What We Know About the Fourth Payments Debate

Is there a new stimulus check in the works? What We Know About the Fourth Payments Debate



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The fate of a fourth stimulus check must be decided.

Sarah Tew / CNET

Does Washington intend to issue a fourth stimulus check? The IRS has sent $ 165 million third incentive payments since March and continues send weekly batches with checks. However, some members of Congress are already pushing for a fourth check, either in the form of another one-time check or as recurring payments. But others in Washington say the money is better spent elsewhere.

“People don’t just need emergency relief, they also need stability, security and predictability,” Democratic Representative Pramila Jayapal said of the need for recurring $ 1,000 monthly payments during the pandemic. Some in Congress say a fourth check is not necessary now. “This economy is about to boom,” said Mitch McConnell, the Senate Republican leader. “I can’t imagine the economy needing a fourth round.”

At this point, President Joe Biden has not committed to a fourth check and there is none in any of Biden’s new incentive plans. (Which letter you received this month van Biden is about the third check, not the fourth.) However, the proposals include other ways you can get thousands of dollars in benefits or tax breaks, including $ 3,600 per child of the new child discount, and until $ 16,000 in childcare tax credits expenses such as day camp and after-school care. We will share what we know. Meanwhile, here’s how check your tax refund and see if the tax authorities owe you money for an earlier tax refund. This story was recently updated.

Could a fourth incentive payment become part of one of Biden’s new plans?

The American rescue plan approved in March was Biden’s first stimulus package, with his $ 1400 checks, $ 300 extra in weekly unemployment benefits and a extensive child discount runs in 2022.See if you qualify for the recurring child discount payments.)

The Biden government is in favor two follow-up incentive accounts for 2021. Neither proposal calls for one new stimulus check in this stadium. However, Democratic members of the House and Senate have pushed for a fourth stimulus check, including recurring or monthly payments. Earlier this spring, a group of 10 forward-thinking lawmakers, including Sens. Elizabeth Warren and Bernie Sanders, Biden to Include Regular Incentive Payments (PDF) in its Next Incentive Bill.






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“We urge you to include recurring direct payments and automatic unemployment insurance renewals related to economic conditions in your Build Back Better long-term economic plan,” the statement said. A few weeks later, another group of 21 Democrats made a similar request to Biden.

The $ 1,400 incentive check was also omitted from early proposals for what the Incentive Act December 2020 – with an agreement to include the $ 600 stimulus check as a late addition.

How the next stimulus ‘check’ payment could come

The American Rescue Plan includes three types of payments where money goes directly to individuals, one of which is the $ 1,400 stimulus check. It is possible that a future account could expand or introduce more money through direct payments that go to specific groups of recipients, such as parents earning below a certain income or those without a job.






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These are the three types of direct payments approved in the March 2021 bill:

Stimulus Controls: The one-off incentive payments have sent to $ 1,400 each to those that meet the requirements. (Here’s What You Need to Know “plus-up” payments for people who may be getting more money on top of the check they’ve already received.)

Child tax credit: An extension of the child discount for 2021 sends eligible families up to $ 3,600 for each child – you can calculate the total of your child discount here. These periodic checks will last until the end of the year, with a final payment in 2022.

Federal unemployment premium: A monthly federal unemployment control ships until September 6 for up to $ 300 per month, in addition to state benefits for unemployed workers.

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Congress has already approved several types of aid this year.

Sarah Tew / CNET

Future checks may arrive in this form instead

The third part of Biden’s economic stimulus strategy – called the American Families Plan – could include more money going directly to individuals and families. Here’s how.

Accept recurring paymentsBiden’s proposal for the American Families Plan is the next likely place for Congress to provide more funding. This is where Democratic Senators are calling on Biden to push for recurring fourth stimulus checks during the pandemic.

Make the child discount permanent: Money from the comprehensive child tax credit begins in July and sends periodic payments to lower and middle income families with children. In his speech to Congress, Biden called upon the House and Senate extend the extended child discount until 2025. Others, including Senator Mitt Romney, R-Utah, also support making the credit permanent as it will lift millions of children out of poverty.

Pass a minimum wage hike: Some senators keep looking for ways to do that increase the federal minimum wage, which currently stands at $ 7.25 per hour. In his speech to Congress, Biden called on lawmakers to raise the minimum wage to $ 15. Sens. Romney and Kyrsten Sinema also went for a walk. Some advocates want to raise the bar on $ 15 hourly wages, but others want $ 11 an hour. “If a senator believes this is the last time they will vote on whether or not to give a raise to 32 million Americans, they are seriously mistaken,” Sanders tweeted on March 5. A February report from the Brookings Institute shows how a $ 15 minimum wage could make 37% of American households financially self-sufficient.

Renew federal unemployment benefits after SeptemberIn addition to recurring payments, the 10 progressive senators in their letter to Biden asked for federal unemployment benefits to be extended beyond September as well.

Here’s how to get a problem with your stimulus control, how to know if your state owes you money and how you could get a discount on your internet bill through an FCC program.




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