As we enter 2022, Americans could use a stimulus check to start their year on a more enthusiastic note. Although some stimulus checks are in the pipeline and definitely coming, there are no big rollout plans as there were in 2021.
No big rollout plans
The main concern, for now, is the $1400 check payment for the new parents. Those who have claimed and received their third installment are waiting for the fourth payout now. But there were a few new parents in 2021 who didn’t get the money for their eligible children. For them, now is the time to claim the Recovery Rebate Credit that they are entitled to.
Read this article to know everything about the stimulus checks in 2022.
States offering their own stimulus
People already know about the federal checks coming their way but if you are living in states like California, Connecticut, Florida, Georgia, New York, and Tennessee, you are in for a good surprise. The list is provided by Marca. But even if your state is not on the list, check with your local authorities if your state is giving you a check.
Key dates to look out for
The Federal Reserve’s bond-buying program that started in Nov. 2021 will end in March 2022 to control the rising inflation.
April 15, 2022
April 15th is the last day for your tax filings for the year 2021. So, if you are eligible to get stimulus through tax returns, this is going to be an important date for you. Once you are done filing taxes, that’s when you will know if you are eligible for any rebate.
October and November 2022
There are midterm elections in the US in November and we all know that elections can have a huge impact on a government’s policies. So, if democrats feel like they are losing ground among people, more stimulus checks might flow in.
So, is the fourth round of stimulus checks coming through? Nothing is clear for now. Looking at the rising inflation, it seems pretty dicey for now but we hope they do.
Have you got your stimulus checks in 2021 or are you going for a tax rebate in April?