Democrats face a complicated scenario, mainly in the Senate, where leader Chuck Schumer is evaluating how to approve President Biden’s financial package, which focuses on infrastructure and support for families.
Stimulus Check
3 keys to a fourth stimulus check and the economic package
Public debate continues over aid similar to the $1,400 U.S. Rescue Plan, but the president is focused on two larger economic projects.
How a fourth stimulus check moves forward
More than 80 members of Congress support additional aid similar to the $1,400 in the U.S. Rescue Plan, some even support two more rounds.
The procedure for requesting the third stimulus check that has not arrived to you
The IRS has already processed most of the $1,400 third round payments; if you are still eligible and have not received your payment, you will probably have to take further action.
Undocumented college students will be able to access financial aid
The Administration announced this morning that it would issue a regulation to allow undocumented students to access some of the $36 billion in emergency stimulus aid flowing to colleges and universities.
Restaurant, bar and other business owners can now apply for financial assistance
Americans to whom the funds are credited will not have to repay the money as long as they use it for the purpose for which it was provided no later than March 11, 2023.
You may receive an additional payment in your stimulus check
These supplemental payments have already been going out to people since the beginning of March, but this money was being given to them based on 2019 tax returns.
Tax filing deadline – Still haven’t received your third stimulus check?
If you have not received your eligible payment by May 17 and you have not filed a tax return with the IRS, you will most likely have to request a refund during the next tax season in 2022 through the “Refund Recovery Credit”.
How many first-round stimulus checks have never been cashed or have been returned
The value of stimulus checks sent by the Internal Revenue Service during the first round of payments that were not cashed exceeded $2 billion.
What about the fourth stimulus check that would be passed before Memorial Day?
The Biden Administration has indicated that it will wait for a congressional proposal, after some Democrats expressed interest in assistance similar to the $1,400.