Since 2020, the federal government has made three distinct stimulus grants to citizens across the country to help them cope with the financial pressures imposed by the COVID pandemic.
But, to be honest, it’s been a while: Most of us last received federal assistance in March 2021, when the Internal Revenue Service (IRS) began paying out the third stimulus payment, worth up to $1,400.
While some have advocated for a fourth payment, it is exceedingly improbable that this will happen. However, it turns out that one large American city has announced intentions to send monthly extra checks to certain inhabitants.
Continue reading to see if you qualify for more assistance in 2022.
Residents in several states have received further assistance
Despite the fact that another countrywide stimulus payment is unlikely, some states have been striving to give additional funding at the local level. According, to three states, California, Delaware, and Indiana will distribute stimulus cheques to people this month.
Starting in May, residents of California who meet certain criteria will get a check for either $600 or $1,200. Meanwhile, qualifying taxpayers in Delaware and Indiana will receive smaller tax rebates of $125 and $300, respectively.
According to Forbes, Maine will begin giving out $850 stimulus cheques in June of this year. Gov. Janet Mills signed a supplemental budget on April 20 to authorise a one-time direct payment to taxpayers in the state who make less than $100,000 as an individual or $200,000 as a couple, according to the magazine.
One large city is currently providing monthly stimulus cheques to some residents
For some folks, optimism for future assistance may not be a one-time deal: Insider reported on May 7 that Baltimore is planning to dole out monthly checks to some of its inhabitants with no strings attached. Starting this summer, the Maryland city will issue direct cash to 200 young parents, according to the news outlet.
According to Adam Roseman, CEO of Steady, the technology Baltimore will utilise to deliver the payments, those citizens will receive $1,000 each month for two years and will have many options for receiving their funds. A bank account, PayPal, or even Venmo are among the alternatives.
“The recipient’s administrative burden is that they don’t have to do anything,” Roseman explained to Insider. “Once they establish it, it’s set, and the money arrives every month, and they don’t have to do anything else.”
As a result of the pandemic, this choice was made
The decision to give young parents a guaranteed income was largely based on the financial burden of the COVID pandemic, according to Baltimore Mayor Brandon Scott.
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“We know that people in Baltimore have been struggling for far too long, but especially since COVID-19,” he continued. “Our lower-income people, especially our young parents, have been hit the hardest by the pandemic and its economic consequences, and they need this now more than ever.”
According to the mayor, the programme is also intended to help low-income parents spend more time with their children
“We aim to assist people in paying their rent and avoiding eviction,” Scott stated. “We want them to have access to transportation so they can find work, get their children to and from school, and spend more time with them since they won’t be stuck on the bus for three or four hours. We’d like to be able to assist them with daycare costs.”
There is only one day remaining for qualified residents to apply for the programme
The guaranteed-income programme in Baltimore will accept applications through May 9 in order to select the 200 citizens who would receive monthly payments, according to Insider.
To qualify, however, parents must be between the ages of 18 and 24 and live in Baltimore City. According to Insider, their income must be 300 per cent or less than the federal poverty level, which is around $69,090 for a family of three.
According to the news site, individuals picked under the initiative will be monitored by academics who will track outcomes in areas such as mental health, employment, and food security.
“When you’re a city with the deep health disparities that we have here in Baltimore—and you know that a lot of that is driven by the stress of not being able to provide for your family,
not being able to afford healthier options and food—we’d be doing it wrong if we weren’t thinking about it from a health and mental health standpoint,” Scott explained.