According to a Democratic official familiar with the relief legislation, Americans who give birth in 2021 will be eligible for an extra $1,400 stimulus payment as part of the new COVID-19 assistance package authorized by Congress.
Biden’s American Rescue Plan
In a recently published article in Insider, any American earning up to $75,000 per year is eligible for a $1,400 stimulus payment, and couples earning up to $150,000 will get the entire $1,400 per person, including children, as part of the relief plan.
Payments for couples are restricted at $160,000, so joint filers who earn more than that are not eligible for a check. The current relief plan contains a provision, similar to past stimulus packages, that permits anybody who gives birth in 2021 to get an extra $1,400 check for the infant.
According to the Democratic aide, the parents may earn the extra $1,400 once the kid is born and they file their tax return in 2022. If they make less than $160,000, they are also entitled to a lower sum, according to a published article in Local12.
When To Receive the $1,400 Stimulus Check?
Those who have their direct deposit bank account information on file with the IRS will be first in line to receive the funds. Those individuals might get their funds within two weeks of the legislation’s passage.
Stimulus Expected To Arrive this November and December
In a published article in The New York Times, the payments are now set to stop at the end of 2021. According to many sources, Democrats are trying to keep the enhanced child tax credit payments flowing at least next year, if not indefinitely.
This would imply that some low-income families in the United States would still be able to get the funds. There’s no indication yet on whether the income ceiling will be raised. All of this is part of President Joe Biden’s comprehensive domestic policy plan. The payout would stay the same: $3,600 for children under the age of six and $3,000 for children from six to seventeen.