4th Stimulus Check: As the Covid-19 pandemic has ravaged the United States of America, millions of Americans are in huge distress in the middle of a widespread economical crisis. The plight of the people has stemmed from thousands of job losses due to layoffs and restrictions across the entire country for pandemic restrictions to arrest any further outbreak.
Now that word has spread that another mutated virus–the Omicron variant of the Novel Coronavirus, people in America are in fear of losing the slight balance in their lives that they had achieved after the pandemic somewhat subsided.
Due to this reason, millions of Americans are now in hope of another stimulus check from the US Federal Government to supports their lives. A 4th stimulus check might be on its way and continue to read this article to know more about it.
4th Stimulus Check are a necessary support for millions of American
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The requirements of the common people, as well as small-scale businesses, for some sort of financial assistance, continue to grow, even though every state in the USA has its own regulations for permitting any allowance to the people, according to the federal government structure.
Stimulus checks are meant to inject some amount of money in the bank accounts of the Americans in order to help them get over the financial losses that they have incurred during the pandemic. In some states, there have also been announcements made about some tax breaks in order to help people tide over these hard times.
The checks have, at least, softened the blow for countless people in the United States during the span of the COVID-19 pandemic, but the issuance of these checks from the American government has now stopped. As a result, it is now a matter of the respective state governments if they can allow provisions of some financial aid packages to the citizens under their jurisdiction.
Many people are hence left in limbo as to what the states will decide. If you are confused regarding the benefits available in your state and if your state is offering a 4th stimulus check or not, you can check out the subsequent sections for more details on this topic.
What types of financial support can the common people of the United States avail?
The financial aid available in the country of the USA is not just limited to some stimulus checks from the federal government. Some state governments have also issued several support programs like tax breaks, extended benefits programs, unemployment benefits increases, Child and Dependent Care Tax Credit (CTC), and other creative initiatives. If you are a tax-paying, legal citizen of America, you can look for any of these initiatives in your home state.
The US Government Has Issued Three Stimulus Checks to Eligible Citizens Till Now
With the impending warning of Omicron going around, the people of America are worrying that the ongoing Covid-19 pandemic will not end anytime soon. And due to this fact, the financial distress is also being estimated to increase in a few months’ time. The Covid pandemic has been an issue of widespread political and socio-economic problems all over the world.
To help people tide over the hard times, the US Government has already issued massive budgets for three stimulus checks. The IRS has already sanctioned more than 169 million payments in the third round of direct stimulus aid, with checks valued at $1,400 checks being paid to the chief earner from most American households.
But some social workers and human rights advocates are now pushing for the fourth round of stimulus aid that would hopefully send recurring payments until the pandemic ends.
So far, the federal-issued stimulus checks during this country-wide economic crisis caused by the coronavirus pandemic have given out $3,200 to all eligible American adults: $1,200 under the Coronavirus Aid Relief and Economic Security Act in March 2020 (the first stimulus), $600 in a December relief measure (the second stimulus), and $1,400 under the American Rescue Plan, signed in March by President Joe Biden (the third and final stimulus as of now).
The financial assistance has been a boon to countless American households all over the country but despite that, the new Covid variant is threatening to bring back financial distress once again. Now, millions of Americans are stuck with huge financial troubles, living from paycheck to paycheck, with no hope of getting a job anytime soon.
In fact, a majority of Americans have found it increasingly difficult to pay their household expenses in the last few weeks, in accordance with a new data released after a Census Survey that was conducted during the first two weeks of December 2021.
3 Million Citizens of America Have Signed An Online Petition For a 4th Stimulus
If you are living in distress during these times and finding it difficult to meet the daily expenses of your household, you must know that you are not alone. Advocates and common people have common together and filed an online petition on Change.org asking the government personnel for a 4th stimulus check.
This huge petition has now got over 3 million signatures, as reported by CNBC. Stephanie Bonin, who is the owner of a small-scale restaurant in Denver, is one of the main organizers behind the petition. In her words, she is looking for a recurring stimulus of $2,000 a month for all eligible, lawful American adults and $1,000 a month stimulus checks for each child in a family. She has put up a demand that these checks be paid to respective American households up until the end of the Covid-19 pandemic.
What will be the eligibility criteria for the 4th stimulus check?
As the US National Congress has not explicitly agreed to the issuance of a 4th stimulus check as of yet, we can go by the eligibility criteria for the third stimulus in order to get an idea. In general, if you are a law-abiding U.S. citizen (or U.S. resident alien) and not a dependent of another taxpayer, you qualify for the 4th Stimulus Check Payment.
If you are an immigrant, you must have sufficient evidence to prove yourself as a citizen of America. Besides this, your adjusted gross income (AGI) should not exceed:
- $150,000 for married filing jointly
- $112,500 for heads of household
- $75,000 for single filers
A partial payment may be available if your income exceeds the thresholds. Thank you for reading this article. If the information in this article has helped you in any way, please check out the other posts on StanfordArts Review Have a great day!