If You Live Here, You Could Receive an Extra $1,000 in Monthly Stimulus Payments.

0

Officials are preparing to make continuous payments for the next two years.

As a result of the COVID pandemic, the federal government has distributed three separate stimulus payments across the nation since 2020. However, it has been a while: The last time the majority of us received this type of federal aid was in March 2021, when the Internal Revenue Service (IRS) began sending out the third stimulus check worth up to $1,400. And while a number of individuals have advocated for a fourth payment, it is extremely unlikely that this will occur. As it turns out, however, one major U.S. city has announced plans to send certain residents monthly supplemental checks. Find out if you could receive additional aid in 2022 by reading on.

Stimulus Check

Some states have provided residents with additional assistance.

Even though there is little to no chance of another national stimulus payment, some states have been working to provide additional funds at the local level. According to Newsweek, residents of California, Delaware, and Indiana will receive stimulus checks this month. Beginning in May, California residents who meet certain criteria will receive a check for either $600 or $1,200. Meanwhile, Delaware and Indiana will send smaller tax rebates of $125 and $300 per person to eligible recipients.

Forbes recently reported that Maine will begin sending out $850 stimulus checks in June of this year. According to the magazine, on April 20, Governor Janet Mills signed a supplemental budget authorizing a one-time direct payment to state taxpayers earning less than $100,000 as an individual or $200,000 as a couple.

And now, one major city is providing some with monthly stimulus checks.

Hope for future assistance may not be a one-time deal for certain individuals. Insider reported on May 7 that Baltimore is preparing to give some residents of the city monthly checks with no strings attached. According to the news source, the city in Maryland will issue direct payments to 200 young parents beginning this summer. According to Adam Roseman, CEO of Steady, the platform that Baltimore will use to deliver the funds, these residents will receive $1,000 per month for two years and will have multiple options for receiving their funds. The options include a bank account, PayPal, and even Venmo.

“There is no administrative burden for the recipient,” Roseman told Insider. “Once it’s set, it’s set, and the money arrives every month with no further action required.”

This decision was made due to the pandemic.

Mayor of Baltimore Brandon Scott told Insider that the decision to provide young parents with a guaranteed income was partially influenced by the financial impact of the COVID pandemic. “We are aware that Baltimore residents have been struggling for far too long, but the situation has worsened since COVID-19,” he explained. Our low-income residents, especially our young parents, have endured the worst of the pandemic and the economic fallout, and they need this more than ever.

The mayor stated that the program is also intended to help low-income parents spend more time with their children.

“We want to help people pay their rent and avoid eviction,” Scott added. “We want them to have access to transportation so they can obtain employment, transport their children to and from school, and spend more time with their children because they won’t have to spend three or four hours on the bus. We want to be able to help them pay for child care.”

Residents who qualify have only one day left to apply for the program.

According to Insider, the guaranteed-income program in Baltimore will accept applications until May 9 in order to select the 200 residents who will receive monthly payments. To apply, however, parents must be between the ages of 18 and 24 and reside in Baltimore City. According to Insider, their income must be 300 percent or less of the federal poverty level, which for a family of three is approximately $69,090.

ALSO READ:

Should We Expect Any Changes in Child Tax Credit Payments in 2022 After the Final Federal Stimulus Check?

Update on the Stimulus: Why Some Americans May Receive Larger Checks in the Coming Months

Is Your State Giving Out Money This Year for Stimulus Checks in 2022?

According to the news source, the program’s recipients will be observed by researchers who will track outcomes such as mental health, employment, and food security. Scott explained, “When you are a city with the significant health disparities that we have in Baltimore, and you know that much of that is caused by the stress of not being able to provide for your family or afford healthier options and food, we would be doing this the wrong way if we weren’t considering health and mental health.”

Leave A Reply

Your email address will not be published.