All of which is to say, leading into 2022, there could still be money for you.LifestyleVisuals / Getty Images/iStockphoto Department of Treasury on COVID-19 Relief. You can check with your state’s government website. Another stimulus check could be in your future. Federal and state money being given to those deeply affected by the pandemic is something many want to know about. We try to keep you in the loop on all of the breaking news when it comes to stimulus checks. How to keep up to date on all that is happening? Plus, money will be allocated to vaccine distributions. The money will also be sent trying to tackle the homelessness crisis in the city. New York City received $6 billion in COVID federal aid money. 1,800 New York-based artists could be receiving a one-time, $5,000 grant. $65 million is going to the taxicab industry. If you’re a teacher in Michigan who worked in the school last year, you’re getting money and so forth.įor the largest city in the world, New York City is putting forth a plan to put its COVID-related funds to good use. But remember, which ones are we really counting as full ones or which ones are child tax credits? Also, states are dishing out money to specific workers as well. There are plenty of people who are getting new stimulus checks. We’ve laid out in multiple posts just who is getting new ones. In which case, the parents would get the money next year, after filing their taxes in 2022. ![]() Depending on when the child is born, such as if it’s in late December, it might be too late to have this year’s monthly child tax credit checks reflect the change. Head to the IRS child tax credit portal to make changes to your information, such as adding a new dependent. Which, again, was made possible by the $1.9 trillion stimulus law. Don’t forget about the ongoing child tax credit payments.Īny parent who welcomes a newborn child in 2021 qualifies for the temporarily expanded child tax credit. The $1,400 isn’t the only money these new parents will get, either. And it phases out completely for single filers who make more than $80,000, and couples who make more than $160,000. The $1,400 is reduced for incomes above those levels. For couples, their income has to be less than $150,000 to get the full payment. Single filers can’t make more than $75,000 a year in adjusted gross income in order to receive this payment. Meanwhile, there are some important caveats about the new stimulus check for parents to be aware of.įirst, it should perhaps come as no surprise that there’s an income threshold. And right now, with Congress wracked by partisanship and the Biden administration focused on other priorities like infrastructure and Afghanistan, it’s hard to be optimistic about that happening. ![]() ![]() When people talk about whether or not we’ll get another payment, what they mean is whether another one will get approved or not. The funding for this one was already made possible in the March stimulus law. Why this payment shouldn’t really count as the fourth stimulus check that we said probably wouldn’t come is because this isn’t actually a new check. They would get that check upon filing their federal taxes in 2022. ![]() Parents who welcome a newborn child at any point in 2021 are likely eligible for another stimulus check, for $1,400, in 2022, according to both Fortune and Insider. Giving birth this year is the deciding factor. Meanwhile, there is another stimulus check coming for some of you in 2022, according to Fortune magazine. And because they’re really one-half of an advance payment of a 2022 tax credit. The current child tax credit checks don’t count, because they were already funded out of the March $1.9 trillion stimulus law.
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