Stimulus Check has been a lifesaver for most Americans. When the time was dark, the federal government came to the aid of the common people. These checks served as a huge pillar to all the citizens. The covid pandemic compelled the nation to impose a complete shutdown. The federal government does not seem to provide any more assistance financially. The three stimulus checks were all they had to offer. But there are still families out there struggling to find a living. The ill effects of the pandemic are still not properly dealt with.
The child credit tax is provided for the expenses of children up to seventeen years. Families having dependents of the mentioned age can opt for the payments. The previous payments came early for the receivers. The stipulated date for the rollout of child tax credit money was the 15th of every month. A recent proposal has been made by the Republicans to provide children up to seventeen years of stimulus check money. If the program is sanctioned, parents would breathe a huge sigh of relief. Let us learn more about the story in detail below.
Stimulus Check Possibilities For Kids
A brand new stimulus check program has been proposed by the Republicans. The name of the program is Family Security Act 2.0. The program provides $350 to all kids under the age of 5 years. Children within the age group of 6-17 years will get $300 each.
To qualify for the stimulus check, an individual needs to earn less than $10000 annually. In the case of a couple, the qualifying amount has to be under $20000. Parents earning more than $200,000 will not be a part of the program at all.