The vast majority of Americans will not receive any type of stimulus check money before the end of the year, but for a select few, new dollars will be deposited into their bank accounts right before the holidays.
Workers in specific professions, parents, and children will all receive payouts in varying quantities. While they are not direct Economic Impact Statements, they are funds that are being disbursed as part of the COVID-19 Pandemic safeguards and economic reforms.
Parents who get payments under the Expanded Kid Tax Credit have officially received the final payment of 2021 in their accounts, which is $300 per child under the age of six and $250 for each child between the ages of six and seventeen.
Additional parents are receiving the entire first half of the credit in a large lump sum, ranging from $1500-$1800 per child depending on age if they did not receive them at the start of the payout because they did not file a tax return.
Additional parents are also receiving the entire second half of the credit in a large lump sum, ranging from $1500-$1800 per child depending on age.
It is expected that if the Build Back Better Plan is approved by Congress before the end of the year, the payments will begin in January. In addition, the second half of the credit will be paid on tax returns filed for the year 2021, rather than on the current year’s filings.
Additional payments are being made to people from specific places, such as California and St. Louis, Missouri, who are receiving payouts as a result of money their towns or governments have allocated from their own discretionary stimulus monies.
They should be fully funded out by the end of this year or the beginning of 2022, with some funds having already been distributed.
Those who return to work in some states will also receive a bonus check in the amount of $2,000 on top of their salary.
According to The New York Post, both Arizona and Kentucky began programs in conjunction with those initiatives earlier this year, and those programs are still in operation, which means that there may still be monies available for claimants to take advantage of.
As well as receiving money, students will also receive financial assistance. Participants in the Higher Education Emergency Relief Fund who applied for additional funding will receive a variety of cash from their universities, with sums ranging from $1,000 to as much as $6,300 in some situations.
Students at the Morehouse School of Medicine in Georgia will receive the $6,300 payouts, while students at colleges such as Penn State, Duke University, and the University of Rhode Island would receive payments ranging from $1,000 to $3,000, depending on their academic standing.
In the meantime, an online petition urging Congress to provide recurring stimulus payments to Americans continues to gain momentum toward its goal of three million signatures, and a separate petition has been launched asking for the extension of the Expanded Child Tax Credits to permanent status as well.
According to an update to the original petition, a new off-shoot, which has a goal of 5,000 signatures and has already received 3,700, requests that the tax credits be maintained because they could be phased out if the Build Back Better proposal is not passed by Congress.