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Two programs are giving away fourth stimulus checks to eligible Americans. Some students can receive up to $3,000 in a financial aid, while workers in Connecticut can receive $1,000. Both programs will send out the payments throughout the month of December.
Social Security payments will see a 5.9 percent increase in 2022. This will be the highest boost offered in over forty years. Understandably, the increase is due to the inflating costs of goods.
Lawmakers are still in a debate about a possible government shutdown, but Americans should prepare for the worse. Fortunately, the Child Tax Credit payments might not be impacted by this issue because the IRS has prepared a contingency plan ahead of time.
While waiting for the approval of a fourth stimulus check, Americans should also consider applying for other financial aid programs. Just recently, Los Angeles launched their BIG:LEAP, a guaranteed basic income program. This will provide $1,000 monthly checks to selected applicants.
Eligible families can now update their income in the Child Tax Credit Update Portal on IRS.gov. Eligible families can now update their income in the Child Tax Credit Update Portal on IRS.