A fourth stimulus payment may not be happening soon but unfortunate households may still receive help.
Some Americans may still be eligible for financial help since there are currently no plans of a fourth stimulus check. (Photo: Marcum LLP)
No Plans For A Fourth Stimulus Payment
Although there are no plans for a fourth stimulus payment, people struggling financially can still receive assistance from the government through state and federal rebates.
Even without the fourth stimulus payment, some Americans may be eligible for a substantial $12,000 stimulus check by qualifying for the Federal Income Tax Credit, Young Child Tax Credit, and California Earned Income Tax Credit.
Depending on your income and the number of children you have, you could receive different amounts from these types of government help, especially with no plans of a fourth stimulus payment.
In line with the fourth stimulus payment not being planned, the Federal Income Tax Credit is still a great help since it can provide up to $7,430 for three or more children, $6,604 for two kids, $3,995 for one child, and $600 for no children if you earned less than $63,398 in 2023.
According to a published article by SmartNews, the CalEITC is only available to California residents earning $30,931 or less in which a fourth stimulus payment is much more needed to help more households.
Although the fourth stimulus payment is still not being planned, California residents chances of receiving help is getting bigger with those who qualify for the CalEITC may also receive additional refunds through the Young Child Tax Credit, with refunds of up to $1,083 for taxpayers with a child under the age of six.
News Stimulus Payment
In a published article by BSEB Matric 2024, the Alaska Department of Revenue is set to distribute a unique stimulus check of $1312 in the form of a tax rebate or relief check. This stimulus payment will be granted to all Alaska residents as part of the states Permanent Fund Dividend release. The payment is anticipated to be accessible in February 2024.
Only permanent residents of Alaska are qualified to receive this payment. The initial release date for the stimulus check was between December 27, 2023, and January 1, 2024. However, the department has announced that individuals who have not yet received it can still do so in February 2024.
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