Fourth Stimulus Check: Are More Payments Coming?

A fourth stimulus check from the government could take one of two forms: monthly checks in fairly small amounts, or one-time payments of up to $2,000. 

Both options have been put forward by legislators in Congress as follow-ups to the third round of pandemic relief payments, which were made possible by the American Rescue Plan Act of March 2021.

• Fourth stimulus check amount — here’s how much it could be
• Bill in Congress would guarantee $1,200 monthly checks for Americans
• Here's how to make sure you get your next stimulus check

The U.S. economy is still recovering, with slow but steady job growth even as unemployment numbers hold steady. Inflation, however, appears to be on the rise, contributing to fears among economists and lawmakers that further stimulus payments could only fuel more price hikes.

Discover how to "Postpone Mortgage Payments" for up to a year, without affecting your credit and "Reduce Your Monthly Payment" by hundreds of dollars, simply by... 

As a result, there's no legislation in Congress that would create a fourth round of stimulus payments, even though some Democratic lawmakers have called on President Joe Biden to consider recurring payments. The White House has passed back the buck, stating that the president would consider whatever Congress comes up with.

In May, seven Democrats on the House Ways and Means Committee sent a letter to President Biden requesting that the administration add a fourth and even a fifth stimulus check to the American Families Plan announced earlier this spring.

But the White House has said little about a fourth stimulus check. In a press conference in June, White House Press Secretary Jen Psaki said, "The president is certainly open to a range of ideas," when asked about the lawmakers pushing President Biden for more stimulus checks. But that doesn't mean a fourth stimulus check is happening. 

Discover How to Get A $20,000 Unsecured Line Of Credit Without A Personal Guarantee.

"We'll see what members of Congress propose," Psaki added, "but those [stimulus checks] are not free." 

The most noteworthy economic effort in current legislation is President Biden's $2.25 trillion infrastructure investment proposal, the American Jobs Plan. 

That proposal doesn't include a fourth stimulus check or anything like the direct payments that millions of people received over the course of the pandemic. Rather, it's a long-term initiative to rescue, recover and rebuild the country's financial standing. 

Call us now at 215.550.3636, Monday through Sunday, should you find yourself in a scramble to understand more about the fourth stimulus check.

Your Tax Pro on Demand, 

R Clyde Olivieri, Jr.