Fourth stimulus check is coming for Christmas – Community News
Stimulus Check

Fourth stimulus check is coming for Christmas

This is the season – for both revelry and a large amount of stimulus money. As the last month of 2021 draws to a close, there will be no shortage of emergency money flowing to millions of Americans. Some of that amounts to a fourth stimulus check, even as emergency response to the coronavirus pandemic continues unabated.

In fact, taking a step back to consider this year, the stimulus efforts have been so extensive and so extraordinary that it’s almost hard to believe that in January? We were still months away from even the idea of ​​a third stimulus check becoming a reality. And, of course, the six-check payment series for child tax credits came months after the passage in March of the $1.9 trillion bill enabling stimulus control #3. Meanwhile, as we get closer to the final days of 2021, here’s a look at some of the final payments of 2021 — which may even come as some sort of stimulus-related surprise to some people.

Surprise incentive payments

hand with stimulus check and envelope
A hand is shown holding a stimulus check and an envelope. Image Source: Jason Raff/Adobe

For some people, the surprise isn’t the check itself, but rather how big it is.

Take, for example, the payment of the child discount in December. Most of the checks the IRS issues are for the standard amount. A few hundred dollars per eligible child. However, some families will only now started to get these checks in December.

Is that you and did you register before November 15th? The IRS is actually going to send you some sort of catch-up check this month.

What took other families six checks to receive will come to others as a lump sum, catch-up payment. This is one way to ensure that even latecomers, as it were, still get the money they owe — a whopping $1800, per eligible child, through these flat-rate catch-ups. By the way, the sixth and final checks will take place on December 15. Also this month we may hear that these checks will be extended until 2022.

Fourth stimulus check in certain states

The wave of stimulus checks coming around Christmas also includes payments from other sources, not just the federal government.

For example, states like Maine send checks to residents. In that state, a one-time payment worth $285 will go to more than 500,000 residents. Those checks are going out in waves until the end of the year.

The same goes for California, where the Golden State Stimulus II pays residents a whopping $1,100. Likewise in Florida, where Governor Ron DeSantis proposed a new round of $1,000 to teachers.

Plus up payments

Meanwhile, the end of December also marks the end of what are known as “plus-up” payments. In short, the IRS describes these as “additional payments for people who … have received payments based on their 2019 tax returns, but are eligible for a new or larger payment based on their recently processed 2020 tax returns.”

The IRS sends these out through December 31. As a matter of fact, the payments can also include a situation where a person’s income has decreased in 2020 compared to 2019, or a person had a new child or a dependent listed on their latest tax return, among other situations.