Will there be a fourth stimulus check?

AMERICANS are eagerly awaiting their next round of stimulus checks to be passed in the Senate.

For many, it opened up questions about future rounds of checks for those in need.

Will there be a fourth stimulus check?

During a CNN Town Hall in Milwaukee on February 16, President Joe Biden said he would not bow to pressure from critics who say his Covid relief package is too expensive.

The package features a wide variety of benefits including $400 a week in extra unemployment benefits, as well as a third stimulus check of up to $1,400.

The aid is expected to help alleviate immediate financial pressures for struggling households.

In Washington, the House Budget Committee this week put together a final bill for the full House to vote on next week.

Democratic leaders want the vote to occur on Friday, February 26.

Biden said: "You can get your stimulus check as soon as the House and Senate pass my legislation.

"We committed to you, Democrat and Republican, a $2,000 stimulus check. $600 came forward last time around. Another $1,400 will be coming."

The advancement of the economic relief package has left questions about further checks.

More than 50 progressive House Democrats have urged President Biden to prioritize recurring stimulus checks instead of one-time payments in his coronavirus relief package, reports Diario US.

In a letter to the Biden administration penned by representatives including Ilhan Omar Alexandria Ocasio-Cortez, Pramila Jayapal, and Rashida Tlaib, regular payments were demanded to be sent to struggling Americans until the end of the pandemic.

The letter first reported by Politico does not specify an amount for the proposed recurring direct payments.

Who will qualify for the next check?

The IRS will likely use either your 2019 or 2020 tax return to determine your eligibility for a third stimulus check, and the same could apply for a fourth check.

The current version of Joe Biden's plan changes the definition of an eligible dependent to include people of all ages, not just children 16 and under, CNET reports.

A statement on the IRS website reads: “Most people who are eligible for the Recovery Rebate Credit have already received it, in advance, in these two rounds of Economic Impact Payments.”

It added: “If individuals didn't receive a payment – or if they didn't receive the full amounts – they may be eligible to claim the Recovery Rebate Credit and must file a 2020 tax return.”

Will unemployment benefits be extended?

More than 18 million Americans are currently receiving jobless benefits, including $300 weekly enhanced federal unemployment payments.

That could soon get upped to $400 per week.

Once the House votes on the current bill on February 26, it will go to the Senate. There are 50 Democrats and 50 Republicans in the Senate along with Vice President Kamala Harris.

The Democrats cannot afford to lose one vote in the Senate due to the equal representation from both parties.

The bill could be debated in the Senate by the first week of March allowing the body two weeks to pass it before the unemployment benefits expire on March 14.

These dates are not fixed, but they are a starting point if progress continues to be made.

What happens if I'm not eligible for a fourth check?

The IRS urged people to file and complete an accurate tax return in order to receive their next check, or checks, if eligible.

The government office said eligibility for the third round amount of the Recovery Rebate Credit is “based on 2020 tax year information while the Economic Impact Payments were based on 2019 tax year information."

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