FAMILIES could get more money for reviewing incentives in the third round of relief supplies, suggesting $ 1,400 for each child.
The next round of stimulus checks – part of President Joe Biden’s proposed $ 1.9 trillion easing bill – could bring more money to eligible taxpayers’ budgets.
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The proposed bill will reportedly give “an additional $ 1,400 per dependent child”Photo credit: Getty Images – Getty
Relief checks could hit bank accounts as early as next month if Congress pushes the bill.
The Democrats’ spending package includes an increase in the federal minimum wage to $ 15 an hour, $ 1,400 direct checks for Americans earning $ 75,000 or less per year, and a $ 400 increase in federal unemployment benefits.
According to CNET, the proposed bill will “add an additional $ 1,400 per dependent child to be added to their parent’s or guardian’s checks.”
In the first and second round of checks, money was given to loved ones 16 years of age or younger.
Families received additional money, depending on the number of children involved.
Parents received $ 500 for each qualified dependent child, with their first stimulus check approved in the spring.
The second stimulus check, approved in December, allowed parents to receive $ 600 for each qualified dependent child.
Now, according to the Washington Post, the third round of checks would “question 17-year-olds and adult dependents (all 18 years or older) for payment.”
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Now the third round of checks would “question 17 year olds and adult dependents (anyone 18 years of age or older) for payment”.Photo credit: Getty Images – Getty
Eligible dependents include millions of college students, children of all ages with certain disabilities, and older adults, the report said.
If relief checks go through Congress on March 14th and an economic stimulus plan is signed two days later, speculation is that the first direct deposit checks will arrive by the week of March 22nd, reports CNET.
According to the news agency, with an invoice date of March 16, the first checks would arrive in the week of March 29 and the EIP cards would be dispatched on April 5.
However, if Congress does not pass relief checks until March 22nd and Congress signs the bill on March 23rd, the first direct deposit checks will arrive in taxpayers’ bank accounts in the last week of March.
With a transit date of March 22nd, the first round of paper checks would be sent the week of April 5th and the EIP cards the following week.
Despite the different projection dates, claims for lack of economic money would be opened on the same day – May 3rd.
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On Friday, Parliament approved a budget – including Biden’s trillion-dollar plan – with a margin of 219 to 209, according to the New York Times.
Upon approval, House spokeswoman Nancy Pelosi said, “Our work to destroy the coronavirus and help the American people is urgent and of the highest priority.”
Dems are pushing for the bill to be passed swiftly to prevent a lull in federal unemployment benefits as the Pandemic Emergency Unemployment Compensation Program (PEUC) expires on March 14, 2021.
Biden says he’s committed to a $ 1,400 stimulus check and will come as soon as Congress passes my laws.
