Millions of parents in the US have received three total child tax credit payments so far. And if you’re a California resident, you might be getting more money with the second round of Golden State Stimulus checks for $600 (or up to $1,100) tomorrow. The extra money — either from Washington or your state — has provided US households with much-needed help throughout the ongoing pandemic. But some families may owe the IRS for past stimulus checks due to an unfortunate math error.
While a fourth stimulus payment isn’t happening this year, some households could qualify for an additional stimulus check for up to $1,400 if they’ve had a baby or adopted this year — though the money won’t arrive until 2022. Other aid from the IRS includes supplemental “plus-up” payments for owed stimulus amounts, as well as tax refunds on 2020 unemployment compensation.
Given widespread financial insecurity and the surge in delta variant cases, there’s plenty of support across the US for more direct relief — one petition calling for $2,000 recurring checks has collected over 2.88 million signatures. Yet Congress has not authorized another check this year and isn’t planning to. Lawmakers are focused on the $1 trillion infrastructure bill and the $3.5 trillion federal budget package.
We’ll explain the latest on stimulus money, the enhanced child tax credit and other payments below. Here’s how to check on your tax refund if you haven’t received it yet, and what you need to know about the unemployment tax break. We update this story frequently.
Are there any future plans for a fourth stimulus check?
The short answer is no.
Researchers have found that the first three stimulus checks helped reduce hardships like food insufficiency and financial instability. So far, during the pandemic, eligible adults have received a max of $3,200 and children have received up to $2,500. For struggling families, that’s not enough to bounce back from lost wages and benefits.
Since the American Rescue Plan, the White House has proposed several packages, including the American Jobs Plan and the Build Back Better agenda, but those don’t call for more direct aid. President Joe Biden is “open to a range of ideas” regarding stimulus aid, according to a June statement by White House Press Secretary Jen Psaki, but that he already put forward what would be “the most…
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