Starting July 15, parents with a child under the age of six will qualify to receive $300 per month until the end of December. However, a permanent benefit under the Biden administration might be coming.
Families with children older than six will receive $250. As reported in The Washington Post, if a parent has two children, for example, a five-year-old and a 13-year-old, that parent gets $550 directly into his or her bank account from the IRS.
As part of his $1.9 trillion relief plan, President Joe Biden is making the upcoming stimulus check to focus on children and parents as America has one of the highest child poverty levels among rich nations.
With benefits adding a total annual value of $3,600 per child under age 6 and $3,000 for older children for individuals with adjusted gross income of less than $75,000, or couples earning less than $150,000, most states within the Sun Belt and Rust Belt regions have a good chance of optimizing
their checks, according to a CNBC report on how much an average parent makes.Related stories: THE IRS WILL ISSUE MONTHLY STIMULUS CHECKS TO FAMILIES, $3,600 PER CHILD
“With two parents, two kids, that’s $7,200 in the pockets you’re getting to help take care of your family,” Biden said in his address to Congress in April. “And that will help more than 65 million children and help cut childcare poverty in half, and we can afford it.”
Parents of more than 65
million children, or roughly 88% of all U.S. children nationwide, will receive additional money through direct deposit, paper checks, or debit cards; roughly 80% of that population will be sent the cash directly via direct deposit.Biden wants an extended child benefit through 2025, however, it is not certain if Democrats will agree to this proposal like they did for this stimulus check.
Some conservatives thought the stimulus package was a handout that discourages parents to stop working.
“Democrats chose … simply handing out cash to parents, including ones already on welfare or in households where nobody is working,” Sens. Marco Rubio (R-Fla.) and Mike Lee (R-Utah) said in a statement last month. “This kind of universal basic income makes more Americans dependent on government and severs the vital elements — work, marriage, community, and beyond — required to raise healthy families”