The rate of inflation rising constantly in the American market has been making the lives of the American taxpayers extremely hard. The inflation has reached in a point when 2022 was starting where a lot of individuals are drowning in debt of credit cards and trying to reduce their expenses somehow so that they can live through these tough times.
Even though the problem is spreading like an infection among all the American taxpayers, there are no federal stimulus checks in sight currently.
The federal governments under both Trump and Biden administration have acted exceptionally with the Rescue Plan Act for the Americans to help their compatriots get by in the tough times of COVID pandemic. There has been a few round of stimulus check payments sent out by the federal government in the times of lockdown.
Back in those days the job market was all dried out and these stimulus check payments have helped a lot. However, as the situation changes, and a severe shortage of COVID-19 vaccine is arriving along with the job market again getting flooded, the national govt are not interested in sending out more free money.
Stimulus Check Update For 2023:
Thus, you should not expect any federal stimulus check payments upcoming in the first half of the next year. However, some states are providing these stimulus check payments for their taxpayers. So, if you are the residents of a state like Colorado, Hawaii, Idaho or California, you might get some more inflationary relief checks in the next year.
However, the Internal Revenue System has already put out a statement stating that even though several states are planning to send out these relief checks in the next year, the amount of these checks will be lower than that of the last years.
