Last Round of Stimulus Checks to Be Sent Out

For nearly three years, the COVID-19 pandemic has been affecting lives the world over. One of the biggest impacts of the pandemic has been the financial impact. Many people have lost their job, or have had to deal with a big cut in their salary. To provide people with spending money and give the economy a much-needed boost, the government issued stimulus checks. After three rounds of checks, there will likely not be a fourth stimulus check. However, there will be another round of third stimulus checks for eligible parents in the country, and this is what you need to know about the money.

Third stimulus check: the second round

The IRS has not finished sending thirds stimulus checks; these checks were for the largest amount, at the sum of $1,400. When the IRS sent out the first round of stimulus checks, it was sent to taxpayers’ last tax return. Under this definition, filers with children that were born in 2021 did not receive the third stimulus check.

To provide parents and guardians with financial aid, another round of third stimulus checks will be sent out in 2022. Eligible recipients are tax filers, who are parents or guardians to children who were born in 2021.

Another eligibility criterion is income; $75,000 annually in adjusted gross income per individual, or $150,000 annually in adjusted gross income for joint filers. Parents/guardians who earn more annually will receive a reduced check.

Single filers with earnings surpassing $80,000 a year, or joint filers with earnings surpassing $160,000 annually will not be eligible for the check.

How to get the stimulus check

If you are eligible for the second round of the third stimulus check, you need to file a request to get it. To get the check, eligible individuals/couples need to fill out a 2021 tax return and to get their “Letter 6475” from the IRS. The aim of the form is to demonstrate how much the filers received in the third round of checks. It is unknown how many babies were born in 2021. So, it is yet to be determined how many people are eligible for additional money.

Financial aid programs 2022

It is unlikely there will be a fourth stimulus check. The federal aid program will send the additional funds as a continuance of the third round, but a fourth check is not in the cards. However, there are discussions of state or private financial aid programs.

As the pandemic has no end in sight, many people still suffer from the fiscal effects of COVID-19. It is important to keep up to date on such programs. To get additional information about stimulus checks, go to stimuluscheck.io, and make sure to check local news in your state and country.

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