Some believe that the stimulus checks helped start the spike in inflation and, whether that's true or not, another stimulus check wouldn't help that situation. Parents who receive Expanded Child Tax Credit payments have officially received the final payment of 2021 in their accounts-300 per child under the age of six and 250 per child age 6-17. When the last of the stimulus checks came out, in March of 2021, inflation was just 2.6%.
Rising inflation is a major concern in the USA right now, with the rate hitting 7.5% for January of 2022. That doesn’t mean efforts for additional financial assistance amid the coronavirus pandemic are done. Families and individuals across the country have received three stimulus checks since the start of the pandemic, but a fourth stimulus check isnt likely to happen. Inflation is one reason why there won't there be a fourth stimulus check Residents must have filed a state tax return for the year 2020 by January 3, 2022, as well as a 2021 Indiana tax return by April 18, 2022, to be eligible. As of right now, there are no plans for a fourth stimulus check in 2022. So, why won't there be a fourth stimulus check? Well, there are a variety of reasons and we outline the government's arguments against a fourth stimulus payment being sent out through the Internal Revenue Service (IRS).
However, a fourth stimulus check it not likely to be on the way.
The US federal government responded to the coronavirus pandemic by sending out stimulus checks to help low-income and medium-income Americans, with one stimulus check of $1,200 in April 2020, another stimulus check of $600 in December 2020 and then a third stimulus check of $1,400 in March 2021.
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