Federal Stimulus Checks in 2022: How Much Money Can You Get?
The calendar for the year 2022 has turned over to the new year. On top of that, Omicron, the highly contagious variant of the COVID-19 virus, has wreaked havoc on the health and economic systems in America.
This is why the federal government of the United States of America provided several types of “federal stimulus” packages to help struggling citizens cope in the recent past, that is over the last two years.
It’s still possible that some stimulus programs will continue even though unemployment has fallen and inflation has increased. To learn more about this topic, please continue reading below.
The End of Federal Stimulus Programs
The first of the federal stimulus programs mentioned in this article is the extended child tax credit program, which provided additional tax relief for families with children under the age of nineteen if they were US citizens.
According to an article on Go Banking Rates titled “Stimulus Update: What COVID-Era Programs Will Continue in 2022?” – the last of the child tax credit payments were issued on December 15, 2021.
Also according to this Go Banking Rates article – those Americans who currently receive federal unemployment benefits will no longer receive a weekly $300 stimulus check. According to WCNC, the federal government ended this initiative in the fall of last year.
Continued Federal Stimulus Programs
Despite the fact that many federal stimulus programmes are coming to an end this year, two remain. According to an article on Go Banking Rates, the first of these is a pause in federal student loan debt. In addition, on December 31, 2021, the US Department of Education extended the federal student loan pause.
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As a result of this extension, student loan interest will not accrue during this time, and defaulted loan collections will be put on hold until the first of May.
Even though the SNAP program was supposed to expire in September of last year, according to an article on Go Banking Rates, it will continue in some states. For the remainder of this year, the following 22 states will have an extended SNAP benefit stimulus programme:
- New Jersey
- North Carolina
- Rhode Island
- South Carolina
- West Virginia