Update on Stimulus: Is More Stimulus Money on the Way in 2022?

Is More Stimulus Money on the Way in 2022?

Is the government going to spend more money on stimulus this year? Here’s a quick rundown of where we are right now, as well as some useful hints for getting government money.

The tax credit was enhanced from $2,000 to $3,000 as part of the American Rescue Plan law. These payments, however, are set to end in 2021.

So, if you have children aged 6 to 17, the good news is that the remainder of the 2022 tax credit installments will most likely arrive in the form of a tax refund.

Mitt Romney has lately introduced a new measure dubbed the Family Security Act (FSA). The FSA would offer families with a monthly cash reward of $350 per month for each young child and $250 per month for each school-aged child. (source) However, that has not yet been accepted.

Update on Stimulus: Is More Stimulus Money on the Way in 2022?

If you own a business, you may have some options that are well worth investigating. To begin, the United States Small Business Administration offers debt relief programs. There are microloans accessible, as well as home disaster and business loans.

Click here for additional information. It’s also a good idea to double-check that you’ve gotten all the money you’re owed from the IRS. If you haven’t filed your taxes for 2020 (or even 2019), you’re almost certainly due money.

You may utilize this IRS tool to get the money you deserve by clicking here. Is there any other way to get additional money from the government? So, keep reading. The following three programs may be of use to you at this time.

Several Additional Options Are Available to Ohio Residents.

Furthermore, as an Ohio resident, you may be eligible for aid in additional areas. For example, there is the HEAP program, which offers people and families with home energy assistance.

There is also a cash support program available to families with children who meet a “gross monthly income threshold.” For further information, go to the State of Ohio’s website. You can also apply for numerous state of Ohio benefits here.