What are you expecting from the government in terms of stimulus payments in 2022? You may be aware that the American Rescue Plan bill raised the tax credit from $2,000 to $3,000 in 2021, however, these payments are set to expire in 2021.
So, if you have children aged between 6 to 17 years, be aware that money will be heading your way. The balance of the 2022 tax credit payments is likely to arrive as a tax refund, so file your taxes return as soon as possible. There are also some free filing options available from the IRS, which are mentioned in this article.
But What If You Don’t Have Any Children?
Are you feeling stuck in this time of rising prices and inflation? The harsh reality is that your options are currently more limited since many programs have shut down. However, if you own a business, you may have some possibilities that are well worth exploring.
For starters, the Small Business Administration of the United States offers debt relief schemes. Microloans, as well as disaster and business loans, are accessible. Click here for additional information. It’s also a good idea to double-check that you got all of the money you’re owed from the IRS. If you haven’t filed your taxes for the year 2020, it’s most likely that you owe money. This IRS tool might help you get the money you owe.
What Are The Options Left For The Michigan Residents?
You may also be eligible for the temporary cash assistance program if you are a resident of Michigan. This program is for pregnant women as well as low-income households with minor children.
There is also the Emergency Relief program, which may be able to assist you if you are experiencing extreme hardship or an emergency that is threatening your health or safety. Visit this link to learn more about the eligibility requirements.