A NEW round of stimulus check payments are being sent out to American homeowners.

The payments are part of the American Rescue Plan stimulus relief bill, which set aside $10billion to help out those who are struggling during the Covid pandemic.

The cash is designed to help “with mortgage payments in order to prevent delinquencies, foreclosures and late payments on utilities amongst other things,” according to Yahoo News.

It comes as calls for further checks continue to grow, as new $3,600 stimulus payments will start being sent out to Americans next month.

The IRS, Treasury Department, and Bureau of the Fiscal Service are still issuing relief payments to Americans following the signing of the $1.9trillion American Rescue Plan in March.

Read our Stimulus Checks live blog below for the latest updates…

  • SOME STATES HAVE WITHDRAWN FROM FEDERAL RELIEF PROGRAM

    Almost half of US states are expected to withdraw from the federal relief program.

    So far, 24 states have said they will no longer participate in a scheme that allows Americans to receive an extra $300.

    Florida and Texas are among many states that will cancel the pandemic-related unemployment benefits, CNET reports.

    In Alaska and Missouri, the change will come into force from June 12

  • A FOURTH STIMULUS CHECK COULD BE ON THE WAY

    Neither Biden’s Americans Jobs nor Families Plans include another round of stimulus checks but additional payments have not been completely ruled out.

    His recent proposals are for infrastructure investment and the Americans Families Plan.

  • STATES ASSISTING RENTERS WITH PAYMENTS

    Some states have already taken action to assist struggling renters.

    Residents in Illinois can apply for a one-time grant of up to $25,000 to cover up to 15 months of missed rent.

    In Texas, a scheme is covering unpaid rent going as far back as last March.

    New Yorkers can apply for the state’s $2.7billion emergency rental assistance program.

  • BIDEN ‘OPEN TO IDEAS’ TO MOVE ECONOMY FORWARD

    Press Secretary Jen Psaki said in early June: “The president is certainly open to a range of ideas.”

    “He’s happy to hear from a range of ideas on what would be most effective and what’s most important to the economy moving forward.”

  • IRS SENT OUT ADDITIONAL 2.8MILLION REFUNDS

    The IRS has issued more than 2.8million refunds to taxpayers after identifying at least 13million Americans eligible for the payment.

    IRS is holding 29MILLION tax returns and delaying refunds for Americans

    More cash will be sent out in the coming weeks to those who took unemployment in 2020, but filed their taxes before the American Rescue Plan was signed into law in March.

  • RENTERS COULD RECEIVE UP TO $25,000

    Americans may be able to receive up to $25,000 in emergency rental assistance depending on where they live.

    The emergency help comes as the nationwide eviction ban is due to expire on June 30.

    To qualify for the sum, at least one member of your household must receive unemployment benefits, Yahoo Money reports.

  • HOW CAN RENTERS APPLY FOR POSSIBLE $25,000?

    The Treasury Emergency Rental Assistance program has made over $46billion available to help struggling renters.

    Applications can be submitted on the website.

    Americans will have to provide evidence that they are at risk of homelessness, and renters who qualify can get up to 18 months of assistance that will help cover both missed and future rent.

  • DO FAMILIES NEED TO TAKE ACTION TO RECEIVE THEIR CHILD TAX CREDIT?

    Most families don’t need to take any action to get their payment.

    The IRS will normally calculate the amount based on the 2020 tax return.

    Two online portals will be set up in the next few weeks so taxpayers can check eligibility and to opt out of advance payments.

  • WHITE HOUSE HESITANT TO COMMIT TO MORE STIMULUS CHECKS

    The White House has been hesitant to commit to additional stimulus checks.

    White House Press Secretary Jen Psaki said President Joe Biden has already put forth the best way forward for the country with his infrastructure plan.

    “He’s happy to hear from a range of ideas on what would be most effective and what’s most important to the economy moving forward,” Jen Psaki said.

  • SENATE MINORITY LEADER AGAINST MORE RELIEF PAYMENTS FOR AMERICANS

    In May, Senate Minority Leader Mitch McConnell dismissed the need for more stimulus relief payments for Americans.

    “I can’t imagine the economy is going to need a fourth round,” McConnell told WEVV.

    “But they’re putting together this so-called ‘infrastructure package’, which is gonna include more borrowed money and big tax increases on the most productive parts of our economy,” he added.

  • STIMULUS PAYMENTS REDUCED ANXIETY

    The release of stimulus payments over the past few months may have helped struggling Americans when it comes to managing their anxiety.

    Analysis of Census Bureau surveys found that the two latest rounds of relief improved Americans’ ability to buy food and cover bills and reduced both anxiety and depression sharply, the New York Times reported.

    Among all households surveyed, frequent anxiety and depression fell by more than 20 percent.

  • IRS TO REFUND THOSE WHO PAID UNEMPLOYMENT TAX

    Approximately 10million taxpayers may get a $10,200 payout if they filed their tax returns before the tax break in the American Rescue Plan was signed into law.

    The American Rescue Plan Act signed on March 11 included a $10,200 tax exemption for 2020 unemployment benefits.

    The exemption meant that checks sent during the pandemic weren’t counted as earned income.

    However, financial advisors told the Detroit Free Press that few Americans have received their refunds from the IRS so far.

  • HOW TO STAY UP TO DATE ON THE CHILD TAX CREDIT

    Two online portals are being set up so taxpayers can check eligibility and to opt-out of advance payments.

    For now, you can stay up-to-date with the Child Tax Credit 2021 page on the IRS website.

    The expanded credit is currently set to expire in 2022.

    However, as part of his joint address to Congress in April, President Biden spoke about plans to expand $3,600 child tax credits until 2025.

  • WHEN WILL THE FIRST CHILD TAX CREDIT HIT BANK ACCOUNTS?

    The first check will reach bank accounts by July 15 and subsequent payments will be made on the 15th day of each month.

    Households will be able to claim up to $250 per month for dependents between the ages of six and 17 starting next month.

    Plus, families with kids younger than six will be able to claim up to $300 per dependent.

  • ‘SECRET’ FOURTH PAYMENT FOR HOMEOWNERS

    President Joe Biden’s $1.9 trillion America Rescue Plan includes a “secret” stimulus check for Americans who have mortgages for homes.

    Through the Homeowners Assistance Fund, the federal government has set aside nearly $10 billion for direct financial assistance to help homeowners.

    The aid can help pay their mortgages, taxes, utilities, insurance, and homeowners association dues.

    “Applicable funding uses include delinquent mortgage payments, allowing Americans across the country to take a step in the right direction toward household stabilization,” a fact sheet from the Treasury Department said.

  • HOW MANY STIMULUS PAYMENTS HAVE ALREADY GONE OUT?

    The IRS has sent out a total of 167million payments worth $391billion since March 12.

    The agency has instructed people to use the Get My Payment tool on its website to find out when they can expect their stimulus check to arrive if they have not yet received it.

  • SOME DEMOCRATS SAY AMERICANS SHOULDN’T BE ‘AT THE MERCY’ OF THE LEGISLATURE OVER RELIEF PAYMENTS

    In a letter sent to President Joe Biden recently, seven Democrats from the House Ways and Means Committee expressed their support for another round of stimulus checks.

    “The pandemic has served as a stark reminder that families and workers need certainty in a crisis,” the letter read.

    “They deserve to know they can put food on the table and keep a roof over their heads. They should not be at the mercy of constantly shifting legislative timelines and ad hoc solutions.”

  • AMERICANS STRUGGLED TO COVER EXPENSES DURING PANDEMIC

    One in three Americans struggled to meet living expenses in the past three months, according to research conducted by the Kaiser Family Foundation.

    Four out of every ten Americans say their income is below pre-pandemic levels, according to the financial firm TransUnion.

  • WAS THE CHILD TAX CREDIT EXTENDED?

    President Biden has spoken about his plans to expand $3,600 child tax credits until 2025. Currently, it expires in 2022.

    “Together, let’s extend the Child Tax Credit at least through the end of 2025,” he said during a joint address to Congress.

    In a recent press briefing, White House Press Secretary Jen Psaki talked about the credit’s potential reach if it received Congress approval to be extended through the American Families Plan.

    “If passed, the families of tens of millions of children will continue to get regular payments,” she said.

  • BILL URGES MORE CHECKS

    A bill for recurring $2,000 checks by Democratic Rep. Bonnie Watson Coleman of New Jersey has gained no traction.

    So far, the White House has been hesitant to commit to additional stimulus checks.

  • HOW TO TRACK A STIMULUS PAYMENT

    Your stimulus payment could be delayed due to one or more reasons —including an issue with your direct deposit, filing your taxes late, a delay in mail delivery, or having an incorrect address or other information on file with the IRS.

    You can check the status of your stimulus with the Get My Payment online tool set up by the IRS.

    “Each week we’re sending the third round of Economic Impact Payments to eligible individuals as we continue to process tax returns. If you haven’t received a payment yet, it doesn’t mean you won’t,” the IRS site says.

  • LAWMAKERS SAY CHECKS COULD KEEP 12 MILLION OUT OF POVERTY

    Members of the House Ways and Means Committee have urged the White House to support additional stimulus checks, Yahoo Finance reported.

    “A fourth and fifth stimulus check could keep an additional 12 million out of poverty,” the legislators said in a letter to the White House.

    They said the benefits from additional checks plus President Joe Biden’s American Rescue Plan would reduce the number of people living in poverty from 44 million to 16 million.

  • TALK OF FOURTH STIMULUS CHECK MAY COME THIS WEEK

    Both houses of Congress are back in session this week, which may mean talks about a fourth stimulus check may heat up soon.

    More than 80 members of Congress are in support of continuing checks.

    The White House has not specifically signaled support for any more relief payments to Americans.

  • MILLIONS OF STIMULUS CHECKS REMAIN UNSPENT

    It’s been reported that 1.24 million stimulus checks remain unspent.

    The IRS said in early June that the checks remain uncashed because people either did not accept them or have paid them back.

  • WHITE HOUSE ISN’T COMMITTED TO MORE STIMULUS CHECKS

    White House Press Secretary Jen Psaki said President Joe Biden has already put forth the best way forward for the country with his infrastructure plan.

    “He’s happy to hear from a range of ideas on what would be most effective and what’s most important to the economy moving forward,” Jen Psaki said.

    “But he’s also proposed what he thinks is going to be the most effective for the short term for putting people back to work, to getting through this pivotal period of time, and also to making us more competitive over the long term,” Psaki continued.

    Biden’s $2.3 trillion American Jobs Plan would supply millions of jobs in modernizing American infrastructure and building affordable housing.

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