As we move toward the end of 2021, and the final instances for the year the federal government sends stimulus payments to millions of Americans, there’s an important stimulus check update to keep in mind.
Just because the final check of federal government issues comes on December 15 (more on that later), that doesn’t mean the end of all such payments. For example, depending on where a person lives, a number of checks go out from individual states. And even on a local level, in some cities. We’ll get into the details you need to know below.
More stimulus controls depending on where you live
For example, states such as Arizona and Connecticut have sent $1,000 checks to residents returning to work. Elsewhere in the US, New Mexico has announced in recent days that more than 3,000 low-income households will receive a one-time payment of $452 in emergency financial assistance.
What about at the local level, as we noted above? St. Louis is an example of this.
A login window will open later this month. And city dwellers can apply for $500 in instant cash assistance. The money is part of funding the city received earlier this year from the $1.9 trillion US bailout legislation. “The program aims to help at least 9,300 (St. Louis) residents who have lost their income as a result of COVID-19,” the city said. “Those who meet the residency and income requirements are eligible for $500 instant cash assistance.”
According to the latest update to the city’s incentive check, she expects to start taking applications on December 18. Among the requirements you must meet:
- Of course, the recipients must be residents of St. Louis.
- They too must have suffered loss of income during the COVID-19 crisis. For reasons including, but not limited to: Reduced hours, job loss, funeral expenses and/or treatment costs.
- Recipients must also earn at or below 80% of the area’s median income. A table running through those numbers is available here.
As for the rest of our latest update on our share incentive payments, it’s worth mentioning again that the last such federal government audit for 2021 is coming December 15.
That is the sixth payment of the child tax credit. It’s part of a series of monthly checks that started in July and gives parents with eligible children a few hundred dollars a month. And there is also an added benefit associated with these checks coming in 2022.
The six checks together constitute an advance of half of the total child discount. The second half is given to parents when they file their federal tax returns. At that point, they get that benefit as normal — as a real tax credit.
In the meantime, we are also waiting to see whether the monthly stimulus checks will continue next year. The Biden administration has proposed a 1-year extension as part of its so-called Build Back Better legislation. However, the Senate has not made a final decision on that bill, so its fate is still somewhat uncertain at this point.