Stimulus Check was sanctioned by the federal government in March. The coronavirus pandemic left the whole world devastated. Shutdowns were implemented all over the country. With America, it was no different. People ran into a frenzy as most of them lost their jobs. Daily workers and on-site employees suffered the most. A large number of citizens’ salaries were compromised.
The economy took a sudden decline. To combat the adversities, monetary funding was announced. Qualified citizens received the Stimulus Check which took the financial load off their shoulders. IRS has rolled out three sets of Stimulus Checks so far. The first and the second round of payments were $600 & $1200 respectively. The final round was rolled out recently. The third check dispatched was $1400. All the qualified citizens received their money as direct deposits.
US President Joe Biden raised a 28% rate for the corporates. This rate was more than the existing rate of 21%. This has created a difference in opinion among the party. Democrats like Joe Manchin have counter-proposed a 25% rate. This resulted in rolling out of the tax law of 2017, which was designed by Donald Trump. Lot of new states are joining in to provide fresh stimulus checks for their residents. Let us learn more about the same in detail below.
Stimulus Check For Alaska, Illinois, And More
Stimulus Check will be rolled out to the citizens of Alaska in the coming month. The eligible residents will be getting government funding up to $3200. This will include a sum of $650 to aid the rising prices of gas. The checks are supposed to arrive within the 20th of September. Illinois will give their tax payers an amount of $50 each. For joint filers, the amount will be $100. However, in the case of families with dependents, the amount will be $300.
Workers of Minnesota will be granted a sum of $750 under the Frontline Workers Program. States like Indiana and Colorado have also announced stimulus check.
