If you want more monthly stimulus checks, pay attention to the Senate in December

When it's all said and done, tens of millions of US families will have gotten a couple thousand dollars or so in stimulus checks this year. From both state governments as well as the federal government, which in December will send out the sixth and final monthly child tax credit payment. That means another check for as much as $300, for each eligible child in a household, is on its way soon. Meanwhile, attention is already starting to gather around the possibility of an all-new child tax credit 2022 edition.

Right now, millions of Americans will still benefit in 2022 from this year's extension of the child tax credit. That's because, if you add up the six checks your household got this year? That's the total amount of the tax credit you can also add to your federal tax return next year (in addition to any other tax credits). Here's the issue, though: Democrats and the Biden administration have acclimated a huge swath of the country, having been pummeled by the coronavirus pandemic, to now expect a monthly check for a few hundred dollars from the federal government. Are they really going to let that expire, come December 15? Which would be tantamount to yanking the benefit away right as a midterm election year gets going?

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If you want more monthly stimulus checks, pay attention to the Senate in December originally appeared on BGR.com on Sun, 28 Nov 2021 at 19:16:46 EDT. Please see our terms for use of feeds.