We’ve resigned ourselves to another year of restrictions and economic instability due to the ongoing global pandemic. People lost their jobs and were confined to their houses during the lockdown, so the stimulus checks were a lifeline.
Many individuals and families will benefit from a stimulus check in January of next year, which will help them alleviate some difficulty. The issue has been made worse by the recent surge in cases caused by the new Omicron variant. Previously, it was the Delta variant. These developments serve as a constant reminder that the limits are here to stay for the foreseeable future.
People are more vulnerable during the winter months, thus there have been renewed fears of catching the sickness. During the winter months, the scope of employment is also severely limited, and many Americans are facing another round of layoffs and reduced working hours.
The US federal government could issue more stimulus checks, albeit the fourth stimulus check is unlikely, at least in its current form.
Getting a Stimulus Check-in January
As per Digitalmarketnews, President Biden has extended the hold on repayment of student loan debts. It has been extended to May 1, 2022, from January 31, 2022. It will provide much-needed relief to students and their families, as the situation has deteriorated rather than improved over the last two months.
In January, certain workers may receive a stimulus check, however, it has been limited to specific groups. In areas like Florida, for example, teachers and other school administrators will receive a one-time stimulus payment.
The third round of stimulus has yet to be received by many Americans. They are still eligible and will be paid provided they file their 2021 income tax forms early next year.
If their income is under the administration’s limit, families that welcomed Babies into their homes in 2021 are also eligible for the $1,400 check.