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.
Yep. Get those piggies up to the trough to feed and they’ll squeal if ever the free food is taken away.
The mouse in the trap never questioned why the cheese was free.
And just like that, my work ethic just took a serious dive.
This is the Government you know, wanna bet their are strings about preferring unmarried mothers, substance abusers, special lgbtqxyz’ers, traditionally disadvantaged minorities, foreign nationals, with restrictions on christian-based homeschoolers and SWM’s.
If this is true, it’s absolute insanity.
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Both true and insane unfortunately.
ADC from the Sixties?
This is another incremental step to condition us to accept the idea of guaranteed income for the democrats victim groups.
The Bribe worked in Georgia.
Go McConnell! Go McCarthy!
Inflation will sky rocket.
Naw, football season is coming up; big screen tv’s all the way baby 😂…
Naw, football season is coming up; big screen tv’s all the way baby 😂…
Good, bad or otherwise, I will not be receiving a check. I make too much money for their program, and my last child of five just turned 18 last month and is headed to Marine Corps training next month.
My wife is beginning to get nervous about the whole empty nester thing.
You forgot they will be for no tariffs, more LEGAL immigration and not increasing the minimum wage.
So I am single with no kids. I get nothing.
This would be insane if it weren’t so obviously intended to destroy the country’s currency while also converting more and more people into dependent welfare recipients/takers.
Yes, thanks for the additions!
Sure.
We never got one because they didn’t process our IRS taxes promptly so getting an actual refund times out. Now we’ll get a *tax credit* on what we owe, allegedly.
I don’t believe them for a minute.
"Yo, man! I just got $3,600 dollars fo' free. Hey, why a Quarter Pounder w' cheese be costin' $100.00 ?"
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