MILLIONS of Americans could get a huge new stimulus check in the coming days after being issued this week.
Californians expect their last round of incentive payments, with checks sent on Tuesday, January 11, 2022.
The bottom line is that recurring payments of $2,000 are being demanded as many continue to struggle during the pandemic.
The initiative calls on Congress to pay $2,000 a month to adults and $1,000 to children during the ongoing crisis.
Recurring payments are also known as: universal basic income, that one number of states and cities have experimented with during the pandemic.
It is unlikely that a fourth stimulus check will be sent to the Americans.
Read our stimulus check live blog for the latest news and updates…
Analysts: Controls Didn’t Go ‘Far Enough’
Low-income Americans were more likely to spend their stimulus money on bills, according to the study.
And about a third of Americans reported a loss of income last year.
Additional reasons for payment arrears
Tax refunds can also be delayed or missed if you don’t update your address with the IRS.
At the beginning of June, the average tax refund was $2,775, according to IRS data.
The final deadline for filing federal tax returns 2020 was October 15, and it applied to households that submitted an extension before the May 15 deadline.
The only exceptions are for members of the military and others serving in a combat zone – they usually have 180 days after they leave to file returns.
Taxpayers in federally declared disaster areas that already have valid renewals also didn’t have to meet the October 15 deadline.
Inaccurate information can delay payments
There are still incentive checks next to plus up payments, the latter applying if the IRS owes you more than it has already paid.
As with early child tax credits, these will typically be issued as paper checks unless you’ve signed up for instant deposits.
You should also ensure that you receive the IRS letter confirming when your payment has been sent.
This is important for anyone who may qualify for a stimulus check, but experience an unexpected delay in receiving their funds.
You can check how much you get and how you get paid using the IRS’ Get My Payment tool.
Incentives for students
Hundreds of students received a surprise holiday stimulus payment from $6,300 on Dec. 15.
Morehouse School of Medicine in Atlanta gave students $6,300 to pay for various education-related expenses, the Atlanta Journal Constitution reported.
The school is said to have enrolled up to 750 students.
Agriculture Department Sends Cash, Continued
“They deserve recognition for their resilience and financial support for their efforts to meet personal and family needs while continuing to provide essential services,” said Vilsak.
“This grant program is another part of this administration’s effort to ensure aid to alleviate the effects of the pandemic is distributed to those who need it most.”
Agriculture department sends out money
A staggering $700 million was set aside by the U.S. Department of Agriculture to compensate staff who incur unexpected costs, such as having to buy their own PPE and taking unpaid leave.
US Agriculture Secretary Tom Vilsak announced the bonuses earlier this month, praising “the social and economic achievement” of workers who kept food on the table.
How many stimulus checks have there been?
During the pandemic, three separate packages have been signed into law, including stimulus measures.
The first stimulus package included $1,200 in outright payments, and the next sent $600 to Americans.
You could owe money
Some of the reasons you might owe one is because your family had a baby in 2021, or you live abroad.
Only thousands of Americans living abroad have received stimulus packages during the pandemic, according to CNBC.
According to the State Department, about 9 million American citizens live outside the country, meaning many could still be blamed for the money.
Meanwhile, there were approximately 3.6 million births in 2020, and the number is expected to be fairly even for 2021.
Who would qualify?
Should the Oregon proposal become law, the following employees will be eligible:
- Worked in medium to high risk jobs
- From April 2020 to December 2020, personally worked at least 20 hours per week
- Earned less than $22 per hour ($42,900 per year)
- No bonus or hazard compensation received for working during the pandemic
Thousands of workers could get an incentive
An initial analysis estimates that at least 230,000 workers are eligible, but Portland Representative Andrea Valderrama said lawmakers are still seeking clarification from the Oregon Employment Department about how many are eligible.
Unemployment at peak of pandemic shutdown
The pandemic was at its worst in April 2020.
At that time, the unemployment rate rose to 14.8 percent, the highest since data collection began in 1948, according to Congressional Research Service.
Unemployment rate before Covid-19
The prepandemic unemployment rate in the US was 3.5 percent.
As of mid-December, the current national rate is 4.2 percent, and it’s trending downward since the worst pandemic stops in April 2020.
What is the unemployment rate?
According to the Bureau of Labor Statistics, the current unemployment rate in the US is 3.9 percent.
The total number of unemployed citizens is 6.3 million people.