Stimulus Check Update- Memorial Day Payment

Stimulus Check
Stimulus Checks

A Facebook post has brought up the possibility of leaving millions of Americans with a fourth federal stimulus check payment. The post was then shared around 250 times, and it was highlighted that a fourth stimulus payment worth $2,000 per person would be delivered by the Memorial Day weekend.

Also, the post went on to claim falsely that a CTC stimulus payment of $300 would be issued from July all the way to December. It is to be noted that the entire post was fabricated- and there is nothing true about it. Congress hasn’t decided yet- as to where they stand on the fourth stimulus check payment. The last federal stimulus check was seemingly passed the previous year and had a payment of $1,400 to every taxpayer out there. 

Memorial Day Stimulus Check Payment To Be False

The stimulus check payments were initially part of a $1.9 trillion coronavirus relief package. As far as the child tax credit is concerned, the IRS will start issuing its monthly payments for a far larger child tax credit back in July. However, the amount that has been claimed is false- and it is not expected that every single family will be receiving the amount. Most low-income families have qualified for the monthly payments of $250 or $300 per child between July and December. 

As of now, the total tax credit for 2021 has been $3,000 for every single qualifying child between the ages of 6 and 17. For those under the age of six, parents will be receiving a payment of $3,600- as mentioned by the IRS. The IRS has already sent around 164 million payments which bring out a total of $38 billion in the third round of stimulus check payments. 

Now, while the federal government hasn’t issued stimulus check payments yet, the states have certainly started issuing them themselves.

Previous articleStudent Loan Decision To Be Taken By Biden As Inflation Worries Increase
Next articleStruggling To Get a Medical Marijuana Card? Let’s Talk Facts!