Another Stimulus Check as a part of the relief package is almost confirmed. As negotiations are going on between the two houses regarding the inclusions in the new package.
Why Is Another Stimulus Check Needed?
The ongoing pandemic has really been harsh to us. It is not only claiming lives but livelihood as well. Thus leaving millions of citizens jobless. Although there has been relief packages from time to time but nothing seemed to have been sufficient. Thus another Stimulus Check is much needed this year.
As a part of this Stimulus bill people with low income and those who are unemployed will receive a specific amount. And that in turn would help them survive.
Also this upcoming Stimulus check might include unemployment bonus of $300 per week. And that would really serve as a boon. Amid the pandemic the economy is facing a huge crisis. Therefore making organisations fire their employees because of financial issues.
Hence every American falling into the eligibility criteria is in need a financial help.
When To Expect The Next Payment?
As negotiations are going on and both the Houses have given their own proposals now it is time to take a decision. Thus both the houses needs to come to a mutual decision. And thus release the funds.
So we can expect the official announcement in September itself. And after the funds is released the eligible citizens will receive their IRS payments as early as possible. Although the exact time cannot be predicted as of now. But it is confirmed that this will be the last Stimulus Check this year.
Thus the citizens will receive it before the year end. And they will get their payments through drafts or direct paper mails. So a final announcement about the upcoming relief package is awaited.