The IRS just sent out 2 million new stimulus checks – are you getting one?

bgrpro65 avril 24, 2021

Believe it or not, the $1.9 trillion coronavirus relief legislation that President Biden signed into law back in early March is going to have ramifications that continue to be felt pretty much for the rest of this year.

If you caught our post from Friday along these lines, for example, then you know that something even better than a one-time, $1,400 stimulus check is coming soon. Starting in July, an expansion of the federal child tax credit made possible by Biden's stimulus bill means families are going to start getting stimulus checks totaling as much as $3,600 over the course of a year for each eligible child. Those payments are a kind of stimulus check, even though they're not styled as such. The actual stimulus checks that the law made possible were generally for $1,400, and while they represent the third and most likely last emergency direct payment to the American people of this kind as a result of the coronavirus pandemic, the government is actually not finished pushing those payments out to everyone who's eligible for one.