Another Stimulus Check on the Way?: Some Americans could soon receive a $1,400 stimulus check from the federal government. But unlike past stimulus money, the checks are being sent to select workers in select states.
Every state will receive a Federal budget to administrate those funds, but it will solely depend on each state’s administration to actually decide how to spend the funds and to determine which different benefits will be part of this plan.
Parents who had a child in 2021 are among those eligible for the stimulus payment in 2022. Parents can expect to receive an additional $1,400 after filing their tax returns. Any single parent who earned up to $75,000 annually or couples making up to $150,000 are eligible to receive the stimulus payment. This is in addition to the two-child tax credit payments that are were set to arrive by the end of last year.
As part of the American Rescue Plan, which was signed into law in March 2021, most American families were set to receive either $250 or $300 payments per child for the second half of the year, totaling either $1,500 or $1,800. Families were able to claim the second half of the tax credit when filing their 2022 taxes.
Families who qualify for the expanded federal Child Tax Credit and did not receive the payments will be able to claim the entire amount when they file their taxes in 2022. For families with children under 6 years old, that’s $3,600. Families with children between six and 17 years old will get $3,000.
According to the IRS, to qualify for advance payments of the Child Tax Credit, Americans “must have filed a 2019 or 2020 tax return and claimed the Child Tax Credit on the return or given us your information in 2020 to receive the Economic Impact Payment with the Non-Filers.” In addition, filers must have “lived in a main home in the United States for more than half the year (the 50 states and the District of Columbia) or filed a joint return with a spouse who has a main home in the United States for more than half the year; and a qualifying child who is under age 18 at the end of 2021 and who has a valid Social Security number; and made less than certain income limits.”
A Stimulus Check That Counts: Extending the Child Tax Credit
President Joe Biden has called for extending the child tax credit through 2022 as part of his “Build Back Better” plan, but Sen. Joe Machin (D-W.V.) has called the plan too costly and has said that child tax credit should be limited to those Americans who are actively working.
“Senator Manchin has made clear he supports the Child Tax Credit and believes the money should be targeted to those who need it most. He has also expressed support for a paid leave program that has a dedicated, sustainable funding mechanism,” a spokeswoman for Manchin’s office told ABC News in December.
Peter Suciu is a Michigan-based writer who has contributed to more than four dozen magazines, newspapers and websites. He regularly writes about military small arms, and is the author of several books on military headgear including A Gallery of Military Headdress, which is available on Amazon.com. Peter is also a Contributing Writer for Forbes.