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Will there be a 4th stimulus check? The more payments could come in 2021



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Will Congress Sign a Fourth Stimulus Check? There is a chance.

Sarah Tew / CNET

The IRS is continue to send incentive vouchers this week, in which also more “plus-up payments“for those who are qualify for more money. However, Congress is already looking ahead to the second half of 2021 and to 2022 for ways to help struggling individuals and families by sending more money. One idea that Congress is floating around is a fourth incentive check that would send additional payments to the most deprived as soon as the $ 1,400 payments are complete.

In March, a group of 10 progressive senators, including Elizabeth Warren and Bernie Sanders, asked President Joe Biden to include regular stimulus payments (PDF) in his next stimulus proposal: the economic terms in your Build Back Better long-term economic plan. A few weeks later, another group of 21 Democrats made a similar request to Biden.

Economists say the current stimulus check will help the economy grow rapidly, but unevenly, with some cities expected to hurt ‘decades’, even with COVID-19 vaccinations about the upturn and the US economy shows a ray of hope. Would there be more direct payments? in a different form, as something other than a ‘stimulus controlWe outline some of the options below. If you are waiting for your third stimulus check, here is how to track your payment and here’s how If you have a problem, contact the IRS. Here’s how too calculate your child discount. This story is regularly updated.

The next emergency economic bill is in the works. Will it include a fourth check?

Biden’s American rescue plan ending in March, the first spending package will be in 2021, with $ 1400 checks, $ 300 extra in weekly unemployment benefits and an extensive child tax credit drawn up (see if you qualify for the recurring child discount payments). The Biden administration is working on a sequel, a package the president refers to as the Build Back Better plan. That proposal is intended to invest in the country’s energy network, transport, broadband and water systems and must not contain stimulus controls, despite the insistence of progressive senators (PDF).

(Note: There is some debate as to what counts as an ‘relief’, ‘rescue’ or ‘incentive package’. For the purposes of this article, ‘incentive’ refers to any funding, control or measure in response to the coronavirus pandemic or to injecting money into the US economy.)






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Stimulus Check 3: How Much Money You Get




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The new ‘incentive payment’ could take a different form

The American rescue plan does not authorize just one direct payment. It includes three checks designed to help struggling individuals and families. It is possible that a future account could expand or introduce more money through direct checks that go to specific groups of recipients, including parents earning below a certain income or those out of work.

Here are the three types of direct checks approved in the March 2021 bill:

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Congress has already approved several types of aid this year.

Sarah Tew / CNET

More ways Congress could send a direct payment later this year

Accept recurring payments: Biden’s infrastructure law is the next likely place for Congress to provide more funding. This is where Democratic senators are calling on Biden to push for recurring stimulus checks during the pandemic.

Pass a minimum wage hike: Senators continue to look for ways to do that increase the federal minimum wage, which currently stands at $ 7.25 per hour. Sens. Mitt Romney and Kyrsten Sinema are the last to go 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.

Make the child discount permanent: Money from the comprehensive child tax credit begins in July and sends periodic payments to low-income, middle-income families with children. According to White House press officer Jen Psaki, Biden wants to make the child discount permanent. Others, including Republican Senator Mitt Romney, also support making the credit permanent as it will lift millions of children in the US out of poverty.

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

Be here all the ways the American Rescue Plan can help you, how much money you can expect the third check and how track your stimulus payment.




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