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New $3,600 stimulus payments will be here soon
KTUL Tulsa ^

Posted on 06/08/2021 3:22:59 AM PDT by LouAvul

There's a new stimulus payment on the way from the IRS. It's part of the massive $1.9 trillion coronavirus relief package signed by President Joe Biden back in March. There's a date for you to circle on your calendar and there's one big difference between the previous payments (for $1,200, $600, and $1,400) that people received earlier this year and this new payment.

July 15th is when the next round of money will begin being distributed by the IRS.

But that's not the only date that people will receive the money. This new payment is recurring. People who qualify for the money will get payments on the 15th of each month until the end of the year.

This next round of payments adds up to $3,600 dollars. Parents with children under 6 years old will receive payments of $300 per month. Families with children aged between 6 and 17 years old will receive $250 per month. The payments are capped at $3,600 for children under 6 years old, and $3,000 for people 6 and older.

People who make less than $75,000 as individuals and $150,000 for married couples filing jointly will be eligible for the full expanded federal child tax credit. The credit phases out at $95,000 and $170,000 respectively.

This tax credit will be available to a lot of people.

About 39 million households, (88% of all children living in the US) are expected to start receiving these new stimulus checks. Most of those households won’t have to do anything to start receiving the payments. From the IRS: "While most taxpayers will not be required to take any action to receive their payments, Treasury and the IRS will continue outreach efforts with partner organizations over the coming months to make more families aware of their eligibility.” There's more information on the IRS website.


TOPICS: Business/Economy; Culture/Society; Government; News/Current Events
KEYWORDS: children; debt; deficit; inflation; stimulus
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1 posted on 06/08/2021 3:22:59 AM PDT by LouAvul
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To: LouAvul

I hope parents use the money to allow them to homeschool.

If they do, as a taxpayer I’d consider the money well spent.


2 posted on 06/08/2021 3:27:19 AM PDT by mewzilla (Those aren't masks. They're muzzles. )
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To: LouAvul

Those money trees must be getting mighty sparse by now.


3 posted on 06/08/2021 3:29:43 AM PDT by skr (May God confound the enemy)
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To: LouAvul

I’d trade the $3,600 for an ounce of gold, and some silver.


4 posted on 06/08/2021 3:31:19 AM PDT by EvilCapitalist (I voted for prosperity, and I got poverty.)
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To: LouAvul
"People who qualify for the money will get payments on the 15th of each month until the end of the year."

If this is true, it's absolute insanity...

5 posted on 06/08/2021 3:31:21 AM PDT by unread (Those who can make you believe absurdities, can make you commit atrocities - Voltaire)
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To: LouAvul

In the meantime expect inflation to consume more than that of your purchasing power.


6 posted on 06/08/2021 3:33:18 AM PDT by Rurudyne (Standup Philosopher)
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To: unread

This was the most dangerous point (when Dems have complete control, as they did when ObamaCare passed). They’ll ram things through that no politician (in either party) will dare interfere with later, pushing us ever further left.


7 posted on 06/08/2021 3:35:08 AM PDT by kearnyirish2 (Affirmative action is economic warfare against white males (and therefore white families).)
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To: LouAvul

“I’ll have those (your word here) voting Democratic for 200 years.”


8 posted on 06/08/2021 3:36:53 AM PDT by unread (Those who can make you believe absurdities, can make you commit atrocities - Voltaire)
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To: LouAvul

The IRS has a huge backlog of tax returns to proccess that will impact some people not getting these payments.


9 posted on 06/08/2021 3:40:43 AM PDT by BiglyCommentary
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To: LouAvul

The parent lobby must be pretty strong.


10 posted on 06/08/2021 3:43:31 AM PDT by 9YearLurker
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To: LouAvul

Is this related to the Ivanka’s friends’ nanny credit for people making up to more than $400K per year?

https://www.local12.com/news/nation-world/theres-an-extra-8000-stimulus-payment-you-could-get-heres-how-to-qualify-irs-money-coronavirus-relief-package-july-round-families-children-kids-households-taxes-qualify-cincinnati-ohio-kentucky-indiana-american-rescue-plan-check


11 posted on 06/08/2021 3:46:15 AM PDT by 9YearLurker
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To: LouAvul

STOP THIS MADNESS!!


12 posted on 06/08/2021 3:50:07 AM PDT by Ann Archy (Abortion....... The HUMAN Sacrifice to the god of Convenience.)
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To: LouAvul

I’m still waiting for the first payment. I even got a letter, but no money. I think I have been canceled.


13 posted on 06/08/2021 3:50:37 AM PDT by Truth29
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To: Rurudyne

That plus it will get many hooked on a government check. It’s like handing out heroin or crack.


14 posted on 06/08/2021 3:50:40 AM PDT by FreedomPoster (Islam delenda est)
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To: kearnyirish2

The GOP should build their 2022 campaign on the theme that the Democrats are pikers, and Americans should get $36,000/month payments instead of $3,600.


15 posted on 06/08/2021 3:51:33 AM PDT by Alberta's Child ("And once in a night I dreamed you were there; I canceled my flight from going nowhere.")
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To: LouAvul; bagster

Another sharp stick in the eye of the millions of hard working Americans who raised their kids but still contribute to the tax-base since we are still working full-time jobs.

Fascism is always implemented “in your best interest”.
AKA: “It’s for the children! How can you NOT agree?”


16 posted on 06/08/2021 3:54:39 AM PDT by Cletus.D.Yokel (Patriots, stop looking at the politicians as enemies. Look at the complicit Legacy Media.)
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To: All

Am I the only one who this is fake news?


17 posted on 06/08/2021 3:56:20 AM PDT by Doofer (The Lockdowns Will Continue Until Your Morale Improves! )
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To: LouAvul

I bought a few guns and ammo with my stimulus checks.

Figure that should really piss off the parasitic liberals.


18 posted on 06/08/2021 3:56:32 AM PDT by maddog55 (The only thing systemic in America is the left's hatred of it!)
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To: Doofer

who thinks this


19 posted on 06/08/2021 3:57:00 AM PDT by Doofer (The Lockdowns Will Continue Until Your Morale Improves! )
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To: skr

Absentee fathers ma return for a few months to collect theur “earnings”.


20 posted on 06/08/2021 3:57:50 AM PDT by epluribus_2 (He, had the best mom - ever.)
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