As top immigration attorneys in Bucks County, PA, and Boca Raton, Fl, Volshen Law regularly receives questions about a fourth stimulus check in 2022 and who is eligible for payments. In the third round of stimulus aid, over 169 million payments went out to American Households. Some lawmakers are striving for a fourth round, specifically trying to secure a recurring payment system until the pandemic finally ends.
Stimulus Quickly Disappears
Even with such help, many Americans feel like they are drowning in a sea of debt within three months of receiving funds. Some resort to bankruptcy. A census in December of 2021 reported approximately one-quarter of Americans struggled with paying their bills every week.
The numbers grow even more significant when you look at groups like those in Temporary Protected Status, for example. Realistically there are few walks of life unaffected by the impacts of this virus.
You may be like many people who find the support stimulus offered has already dwindled because of joblessness or other struggles like immigration issues such as visa delays or lacking documentation. The Child Tax Credit also ended in December. Although it did not affect immigration status or the ability to get a green card, the resulting financial distress is palatable. Inflation is on the rise. Any type of stimulus payment would provide a means for managing at least some of the higher costs for food, household goods, fuel, etc.
State Aid May be an Option for You
Many federal aid programs miss the mark in reaching the people who need it most. Some simply give up trying for help because of never-ending delays and red tape. So, while the government is still in limbo, some states are creating stimulus checks for low and middle-income residents, like California. Other states like Florida and Texas have bonus plans for specific professional sectors, such as educators. In New York State, there is a 2.1 billion dollar fund earmarked explicitly for undocumented workers who could not obtain aid through the federal stimulus.
What are the chances of a Fourth Stimulus Check in 2022?
Analysts are not painting a pretty picture. Serious discussions in DC seem to be lacking. Some economists blame relief efforts for growing inflation. You will likely face continued supply issues and inflation, but predictions say it should return to moderate levels.
If you had a child in 2021, you might receive some benefits from the American Rescue Plan. This is not a direct payment but rather part of your tax return. To access this, request the Recovery Rebate Credit on your 2021 form. Parents who accessed half of the Child Tax Credit will receive the other half at tax time.
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