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.
I hope parents use the money to allow them to homeschool.
If they do, as a taxpayer I’d consider the money well spent.
Those money trees must be getting mighty sparse by now.
I’d trade the $3,600 for an ounce of gold, and some silver.
If this is true, it's absolute insanity...
In the meantime expect inflation to consume more than that of your purchasing power.
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.
“I’ll have those (your word here) voting Democratic for 200 years.”
The IRS has a huge backlog of tax returns to proccess that will impact some people not getting these payments.
The parent lobby must be pretty strong.
Is this related to the Ivanka’s friends’ nanny credit for people making up to more than $400K per year?
STOP THIS MADNESS!!
I’m still waiting for the first payment. I even got a letter, but no money. I think I have been canceled.
That plus it will get many hooked on a government check. It’s like handing out heroin or crack.
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.
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?”
Am I the only one who this is fake news?
I bought a few guns and ammo with my stimulus checks.
Figure that should really piss off the parasitic liberals.
who thinks this
Absentee fathers ma return for a few months to collect theur “earnings”.
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