JUST CONFIRMED! January Fourth Stimulus Check Update and Daily News https://youtu.be/8wErJkvy15E JUST CONFIRMED! January Fourth Stimulus Check Update and Daily News #stimuluscheck #stimuluscheckupdate #stimulusupdate Most people have already had their full payment come in, but those who had eligible children in 2021 are able to claim the Recovery Rebate Credit on their next tax return. The Economic Impact Payments, otherwise referred to as stimulus checks, were sent out during 2021 and these are advance payments of the Recovery Rebate Credit. If you did not receive the full amount you were expecting by December 31, you can claim the remainder of the money when you submit your taxes in 2022. Given that the 2021 Economic Impact Payments were calculated off of a person's 2020 or 2019 return, any eligible dependents who became a member of the family in 2021 will not have been included in the calculation nor the payment. Those who qualify for an additional payment via the American Rescue Plan will be able to have the credit arrive as part of their 2021 refund. In order to qualify, dependents must be under 19 at the end of the year unless they are a student, or any age but are permanently disabled. In addition, the dependent must be a child, brother, sister, foster child, stepbrother, stepsister, half-brother or half-sister, or a descendent of any of them. The catch-up check plan is similar to when those who had previously opted out of the child tax credit program received extra money in their December check. Some families still will if they've gained a dependent since then. Biden officials say the administration hasn't given up on the Build Back Better plan. One way to pass it would be to break it up into smaller pieces, and hold votes on each one. However, any new stimulus payments will face a variety of challenges, including the fact that 2022 is a midterm election year. Some members of both parties may not find it helpful to their campaign to show support for the president, and the administration still has Republican votes, like Manchin's, that it needs to win over. 👍 Comment below so I can answer all your questions 👍 Tyler Pratt
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