After living in a constant state of crisis for two years due to the Covid epidemic, some significant improvements have now occurred. The face mask regulation, for example, is no longer in effect on flights, trains, and other modes of public transportation. Similarly, federal stimulus checks that were intended to alleviate some of the economic distress caused by the pandemic are no longer available.
In the last year, the federal government has made more than a half-dozen stimulus payments. This wave of gains includes a third $1,400 stimulus check and six-monthly child tax credit payments. In other words, there are so many stimulus payments that answering the question “Where’s my stimulus check?” must be preceded by the question “Which one are you referring to?”
Every month, the federal government issued checks totaling up to $16 billion to taxpayers. For at least six months, according to the IRS. And that’s just for the child tax credit payments. Meanwhile, stimulus checks are still being distributed to various constituent groups at the state level. We’ll go over everything in greater detail down below.
Background Information on Stimulus Payments
Because new stimulus check updates are released on a regular basis, we’ve compiled this useful roundup. Keep checking back because we’ll post new stimulus check updates as soon as we get more information. Meanwhile, before we get to the “Where is my stimulus check?” question, let’s take a look at how we got here.
The spark was the “American Rescue Plan,” a $1.9 trillion stimulus package authorized by Congress in early 2021. It sailed through Congress and onto President Biden’s desk less than two months after he took office. The bill was a follow-up to President Trump’s December 2020 stimulus package. This package gave Americans a new round of $600 stimulus checks.
The second round of checks was part of Biden’s stimulus proposal, which was signed by the President on March 11, 2021.
The federal government has made three one-time direct coronavirus assistance payments since the outbreak began. The last two payments totaled $1,200, with a $600 check following. The IRS has been given permission to distribute a third wave of $1,400 stimulus checks.
There will be additional checks.
The American Rescue Plan also allowed for an increase in the federal child tax credit, which had previously been limited to $2,000 per child. Due to the pandemic, the price was raised to $3,600, but legislators were astute. Congress designed the enhanced benefit so that participants would receive half of it in 2021. The first half was given as a down payment. From July 15, 2021 to December 15, 2021, six monthly checks will be issued, followed by six-monthly checks.
Importantly, as was obvious from the start, Democrats have put themselves in a political bind by agreeing to a fourth stimulus payment. They essentially accustomed tens of millions of Americans to the federal government’s lifeline of a monthly stimulus payment. Then he quickly removed it.
The continuation of these payments in 2022, as desired by the Biden administration, remains in doubt, as evidenced by West Virginia Democratic Senator Joe Manchin’s refusal to support an extension.
What became of my stimulus check?
However, there is one advantage to this that is already guaranteed until 2022.
Is your total, including the amounts of all six child tax credit checks you received last year, correct? You should have received a tax credit for the same amount when you filed your federal taxes this year. This will receive the second half of your child tax credit. For the time being, enhanced recognition will be discontinued.
There’s always the chance that the Senate will take a look at the bill authorizing the extension of these checks. That option, however, appears to be extremely unlikely for the time being.