We're finally coming to the end of the release schedule for the string of child tax credit payments for 2021. That means there are only two more of these monthly stimulus check payments coming in 2021.
Stimulus checks have, of course, been one of the most extraordinary responses by the federal government to the economic pain associated with the coronavirus pandemic. To start off, the federal government simply mailed out checks for $1,200, then $600, and finally $1,400. Those checks transferred money directly from the government's coffers to millions of Americans. This year, the onus shifted from one-off, direct emergency payments to child tax credit checks. Essentially, those are advance payments of a tax credit to eligible Americans, which is to say they represented another wealth transfer from Uncle Sam directly to Americans. In all, six of those checks were planned for this year. And now only two remain, with the penultimate check arriving on Monday.
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Stimulus check update: New payment arrives on Monday, here’s who gets paid originally appeared on BGR.com on Fri, 12 Nov 2021 at 12:36:17 EDT. Please see our terms for use of feeds.