Stimulus Check seems to be the need of the hour for the Americans. The threat of another wave of the coronavirus looms large over America.
Covid cases have experienced an alarming surge in recent weeks. This has led the people to speculate about a possible shutdown. The dreaded memory of the 2020 shutdown is still fresh in the minds of Americans.
– Advertisement –
A shutdown brings immense pressure on individuals. The economy also takes a huge blow. Households struggle to meet their necessities. Keeping in mind all of these, the citizens are petitioning for the provision of another check.
Some states have taken matters into their own hands. They have designed their very own version of Stimulus Checks. The petitions and the letters all seem to go to waste.
The federal government did not seem to be keen on further payments. The Democrats sent a letter to the President. Two more petitions were signed.
– Advertisement –
The petitions asked for the provision of $2000 & $1200 payments for all the Americans. All these petitions did not change the mind of the federal government. As of now, only the new parents will be eligible for the money.
Let us learn more about them in detail below.
Stimulus Check Eligibility For American Parents
As per the announcement of the federal government, there will be no more new stimulus checks this year.
However, the IRS will be giving out $1400 checks to residents that have become a parent recently. Families who welcomed a newborn baby in 2021 can claim the full amount.
However, there are certain clauses that you need to fulfill in order to lay your hands on the check.
To get the Stimulus Check, one cannot earn more than $75000 in a year. In the case of couples, the cutoff rate is $150,000.
Families earning more than $80000 or $160,000 will not receive the full amount of the check. Apart from the income criteria, residents will also be required to show Letter 6475.
This letter will determine the amount of money a family received for the third installment.
Source link
