Inflation is something that is wreaking a lot of havoc on most American families. The increase in the prices of all everyday purchases means that a large portion of United States citizens have received the stimulus check as a blessing. It has been the solution to many situations, and there are households with very low incomes.
But this seems to be a one-time thing. In this sense, it doesn’t look like the stimulus check is something that is going to work all the time. It is very likely that for the next year, the help policies will not work in the same way. It may be bad news for those families who do not have a fixed economy with a good salary.
It is still too early to tell whether states will give stimulus checks next year. However, looking at the overall economic situation we can get a slight idea. It all depends on what the budget situation looks like. Possible new changes to Social Security, such as the new bill that helps pensioners earn an extra $2,400 a year, may be encouraging.
Thus, waiting for more stimulus checks next year is not the best of ideas. They may eventually end up coming, but it’s not something Americans should count on. Luckily, everyone who has their Social Security awarded can count on the COLA increase starting with the first payment in 2023.
Can I receive a stimulus check in 2022?
It is still possible to receive a stimulus check. The IRS will continue to send them until the end of this year. To receive a stimulus check, you must have a low income and also have paid your taxes on time. If you meet these two requirements, you can receive a check before the end of 2022.
The IRS has provided Americans with a platform to file a quick return before November 17. Through this declaration, any American can then receive one of the stimulus checks.