Don't believe everything you read online.
The unlikelihood of a fourth stimulus check has not stopped people from campaigning for more payments. A Change.org petition calling for
to be sent to every U.S. adult each month during the pandemic has already surpassed 3 million signatures, CNBC reported in early Jan. 2022.many Americans–the true unemployment rate for low-wage workers is estimated at over 20 percent and many people face large debts from last year for things like utilities, rent and child care,", a restaurant owner who created the petition, wrote in an update.
According to Bonin, many prior forms of government aid supplied earlier in the pandemic—like the Paycheck Protection Program, stimulus checks, enhanced federal unemployment benefits, and monthly child tax credit payments—have all dried up while the virus continues to spread. Meanwhile, virus experts are still uncertain about what the future of the pandemic holds and when it might end."I think that's what 3 million people are saying, which is, 'We just need certainty.
Eligibility for the third Economic Impact Payment—which was worth up to $1,400—is based on the income and number of dependents recorded by someone's 2021 tax return. But because the checks were sent off as advanced payments before these returns were due, the IRS used information from someone's 2019 or 2020 tax return to send out the money.
"Families and individuals … may not have received the full amount of their third-round Economic Impact Payment because their circumstances in 2021 were different than they were in 2020," the IRS confirmed. To obtain the money you are owed, you must claim the 2021 Recovery Rebate Credit on your 2021 tax return.
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