Most of you are wondering whether you’ll be getting a stimulus check in 2022 or not.
Some of you will qualify but most of you won’t.
Those who do will be receiving a check of $1,400 from the U.S government.
Only 2 groups of people will receive stimulus checks in 2022.
Keep reading below to see who’s going to qualify for a stimulus check in 2022.
Qualifications for stimulus checks in 2022
While not everyone will be receiving stimulus checks for the new year, the government is still working on creating other programs to benefit American citizens.
IMPORTANT: One of which will actually be an extension of the Emergency Rental Assistance to keep families in their home.
The deadline for submitting a request for the second round of reallocated funds is January 21, 2022.
This program will provide additional support to renters so don’t miss it if it will provide your household with assistance.
You can find the application forms here.
#1. Relief program for tax filers
It’s important to include that if you did not file taxes for 2020 or 2019 and are not planning on filing taxes for 2021 you will not be eligible to receive your stimulus package for 2022.
The first group of people who will receive stimulus checks in 2022 will be those who didn’t claim their first or second checks in the past.
If for whatever reason you did not get your stimulus checks last year, you are entitled to $1,400-$4,200.
How do you claim your relief program compensation?
You may receive your stimulus checks in the form of tax credits when you file your taxes for the year of 2021 through the Recover Rebate Credit.
You will have to file your income in order to receive your compensation.
And if you owe taxes from the previous year, your stimulus check will become a tax credit on what you owe.
Depending on how much you owe, you may end up not paying anything in taxes, or you may end up paying the difference when the credit has been applied.
Now for the second group of people who are eligible to receive a stimulus check in 2022.
#2. New parents 2021-2022
According to the U.S government, parents of newborns, foster, or adopted children from 2021-2022 will have a stimulus package benefit for the new year, via. Marca.
The help comes from the American Rescue Plan which provides families with $1,400 for their dependent children.
So, although another stimulus check in 2022 might be unlikely for most Americans, a few of you may still benefit from this last round.
If you have not received it yet, keep an eye out for a letter from the IRS on how instructions to receiving it.
Some families might receive a tax credit when filing taxes, others might receive a direct deposit or check.
This will depend on whether you’ve filed taxes in the past or not.
Letters form the IRS are said to get delivered by the end of January 2022.
Follow the instructions as provided to ensure you claim your stimulus package.
Will more Americans receive checks this year?
As of right now it’s unlikely Americans will continue to receive stimulus checks moving forward.
However, bookmark this page or subscribe to the newsletter for live updates on any changes.
If you are entitled to compensation, you will not want to miss it.