Fourth Stimulus Check Update: New Assistance Could Reach Americans, Here’s How

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The federal government has indicated that it has no intention of issuing another round of stimulus checks, but some Americans will receive assistance in other forms—and a sizable number of citizens may soon receive a long-awaited form of assistance.

 

Stimulus Check

 

Maine residents will receive an influx of cash in June, with $850 checks being distributed to approximately 858,000 residents. Additional rounds will be distributed throughout the year. They must be a full-time resident of Maine and have filed a 2021 individual income tax return in order to receive checks. Additionally, a single filer must earn less than $100,000 per year, a head of household must earn less than $150,000, and a married couple filing jointly must earn less than $200,000.

Meanwhile, Pennsylvania Governor Tom Wolf has reintroduced calls for a state stimulus check for residents, urging state legislators this week to use $500 million in unspent federal aid to send $2,000 checks to residents.

While residents of other states in the United States are not expected to receive such assistance, those with student loan debt may soon see a reprieve they have waited for since President Joe Biden took office.

While Trump has stated unequivocally that he will not cancel $50,000 of debt for every federal student loan borrower, the administration has indicated for the first time that they are considering forgiving $10,000 of debt for borrowers, with a decision expected within the next few weeks on the next steps, according to The Washington Post.

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At the moment, the administration is considering income threshold limits for eligible borrowers. Aides to the President are considering limiting relief to individuals earning less than $125,000 or $150,000, respectively, with a $250,000 or $300,000 threshold for married couples filing jointly. There have been no final decisions, and it is unclear whether additional factors will be added to limit the number of eligible borrowers.

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