Stimulus Check has given the residents of America a much-needed financial boost. The IRS has rolled out the stimulus payments in three installments. $1200, $600 & $1400 are the three checks that have been dispatched so far. The third check was given out recently this month by the IRS. These financial aids are supposed to support the people financially in dire times.
However, the current situation in America has led the people to push for another check. The covid cases in the country have seen an alarming rise. This has led to the fear of yet another shutdown. The people are very much keen on receiving more payments from the government.
The common people of America do not seem to be satisfied with the government. Despite demands & requests, the federal government seemed to turn a deaf ear. They are not keen on providing another set of payments. The government initially stated that they are ready to consider ideas regarding future payments.
However, in reality, they did not show much interest. The Americans however, can heave a sigh of relief though. A recent confirmation has been towards the payment of the Family Security Act. Let us learn more about the story in detail below.
Stimulus Check Money For Families
The new stimulus check, Family Security Act, is identical to the Child Credit Tax. However, the new program will be catering more money to the citizen.
The act was proposed by Mitt Romney, who is a Republican politician. Families will be receiving a sum of $350 per month for kids within the age of five.
For children between the age of six to seventeen years, the money provided will be $250.
The new stimulus check will be given to individuals earning less than $200000 per year.
In the case of joint filers, the earnings are capped at $4000000. The alternative to the Child Tax Credit will surely make the citizens of America ecstatic.
