Connect with us

Hi, what are you looking for?

Personal Finance News

$285 ‘Stimulus’ Check Rolled Out To Over Half A Million Americans

San Antonio Seeks Suggestions on How To Spend $229M ARPA Funds

Only a few weeks are left for the release of the stimulus check of $285. A bipartisan involving the same was approved in the first half of this month. According to a report of THE U.S Sun on November 17, Governor Janet Mills had announced the bill for stimulus check-in in early November to provide support to Maine families. The governor wished to help the families before the arrival of the holiday season.

One Must Fulfil Eligibility Criteria To Avail Benefits

There is a set of criteria that determines whether a person is eligible for the benefit. The requirements involve an individual’s work history and income. Eligible ones will get their funds without placing a special request. The revenue service of the state decides on personal eligibility. Some of the other factors for the eligibility of individuals are the work record in 2020 and the legal claim of the income tax return.

There are different regulations for different categories of individuals. The benefit received by an individual is according to the rules set by the Government. Married couples who have a joint income of less than $150,000 might also accept the payment.  The Government issued the first round of checks on November 15. Six batches of payment are due on December 31.

The Scheme Will Benefit Hundreds Of Families That Are Economically Weaker

Eligible beneficiaries will receive paper checks. This initiative of the Government will help families that belong to economically weaker sections of the country. The constant and steep rise in price levels had made the survival of the poor difficult. The Government has assured that each eligible individual will get the benefit.

The U.S Sun news released an article that said that the Government is unlikely to agree on a fourth stimulus check. The Congress government has not decided on this yet. The governments of respective states have decided to provide the citizens of the low-income group with some extra funds.

In addition to the stimulus check, one can also check the eligibility of Child Tax Credit funds on the official website of the IRS. Families are set to receive $300 per child between 6 and 17 years of age.

 

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest

California News

Social Security has been around for quite a while now as it gives both disabled and elderly Americans a helping hand financially. It’s worth...

Texas News

If you’re planning a trip to the south but aren’t sure where to stay in the lovely Big D, we’ve got you covered with...

Personal Finance News

Congress has introduced a bill to prevent the government from implementing a shutdown this year. As.com reports that a bipartisan group has been trying to raise...

Personal Finance News

San Antonio has received $229.4 million in federal funds through the American Rescue Plan Act (ARPA). It will hold a series of community forums...

California News

The Social Security Administration has rolled out the schedule of the program’s payments for 2022. It was learned that the payments would be the...

Personal Finance News

Cryptocurrency exchange Bitmart is the latest victim in a devastating hack. The company has lost $196 million in a handful of cryptocurrencies. Security analysis...