Will There Be a Fourth Stimulus Check?
Will There Be a Fourth Stimulus Check?
How Much Will It Be? All Your Questions Answered
Checks from the third stimulus are being distributed now. The program has proven to be really popular with the public. Nevertheless, the third stimulus is probably the last one.
Still, if you want to know more about a fourth stimulus check, we have some answers.
Q: Will there be a fourth stimulus?
A: The fourth stimulus will be in the form of President Joe Biden’s American Jobs Plan, an infrastructure plan. The initial bill includes funding for different projects all over the country, which will create work and benefit local communities. It also includes some worker protection language. The final bill may be very different.
Q: Does the new stimulus include a check?
A: No.
Q: Why won’t there be a fourth stimulus check?
A: In large part, because the economic damage from the pandemic is easing. People are getting vaccinated and offices are reopening.
Save for Your Future
Q: What about this $3,600 per child? Isn’t that a stimulus check?
A: Sort of. The $3,600 is an expansion of the Child Tax Credit for children age 5 and under. For children ages 6 to 17, the amount will be $3,000 per child. This is instead of the $2,000-per-child tax credit for 2020.
The stimulus bill increased the amount of the credit, and it changed the distribution from a credit taken at tax time to periodic checks. The IRS is still working out the details, but the current thought is that families would receive a payment of $250 to $300 per month per child, depending on the children’s ages.
Find: This Loophole Is Allowing Debt Collectors to Take Your Stimulus Check
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