ECON Another Stimulus Coming

[Sleeping Cobra]

What these six checks amount to is an advance, up-front payment of half of the federal child tax credit. Normally, an eligible family would get this benefit next year when they file their federal tax return. Because of the pandemic that’s still raging, though, Congress set up a mechanism for people to enjoy some of that benefit now. Congress also raised the maximum credit, from $2,000 to up to $3,600 for eligible parents.

Depending on whether parents have a child who’s younger than age six, or who’s between the ages of six and 17, those parents will either get $1,500 or $1,800 from this advance. And it’ll be spread out over six checks.

New stimulus checks are coming in less than a month - here's who gets one

October 15 is when the next stimulus check is scheduled to arrive. It's the latest installment of the child tax credit payments.

bgr.com

 

[LibertyInNH]

why is this news again?

 

[WildDaisy]

why is this news again?

Because it is a NEW stimilus check to start to be deposited October 15th if people qualify. The Debt Ceiling is now like the Tower of Babel - how high can we go?

 

[Masterphreak]

Because it is a NEW stimilus check to start to be deposited October 15th if people qualify. The Debt Ceiling is now like the Tower of Babel - how high can we go?

But it is not new. This info has been out for a long time already. Eligible people will receive $250 or $300 per month for every child they have. Old news!

 

[LibertyInNH]

But it is not new. This info has been out for a long time already. Eligible people will receive $250 or $300 per month for every child they have. Old news!

Exactly, thank you.

 

[Dozdoats]

Haven't gotten any of them so far. Won't get this one either.

 

[Grumphau]

Is this in addition to the other tax credit stimulus thing, or the same one?

 

[intowolves]

At this point, just write everyone a check for a million dollars.

 

[Panner]

This is not new news. The checks are scheduled to come every month until December. After that it will have to be ok'd by congress. Fat chance, the country will be broke by then.

 

[The Snack Artist]

This is not new news. The checks are scheduled to come every month until December. After that it will have to be ok'd by congress. Fat chance, the country will be broke by then.

They'll be looting the Food Lion by then.

 

[Ragnarok]

The Debt Ceiling is now like the Tower of Babel - how high can we go?

Much like the Tower of Babel...

... Until we get too arrogant and God knocks us down.

 

[ShadowMan]

How about we just completely get rid of income tax to begin with?!? INSTEAD of playing this slight of hand B.S.

 

[summerthyme]

OK, I'm going to close this, because it was discussed to death back in September, and it's a pre-pay of the Child Tax Credit, NOT a stimulus payment. Too confusing.

You've missed a lot during your hiatus. Your input is appreciated, but please use the improved search to make sure you aren't posting dupes.

Summerthyme