Tag Archives: Monthly

New monthly stimulus checks for families will start in July, IRS now says As part of President Joe Biden’s $1.9 trillion COVID relief package — the new law that has been giving most Americans $1,400 stimulus checks — working families can expect to receive up to $3,600 per child for 2021. Half of that will come in the form of cash, as monthly payments due to start this summer. They’ll be another kind of stimulus check, to help millions of parents deal with basic bills or pay down debt. The… Source link

The House of Representatives passed President Biden’s $1.9 trillion stimulus plan on March 10. The legislation, called the American Rescue Plan, will head to the president’s desk for his signature on Friday in a final step before becoming law. While most Americans are focused on getting their $1,400 stimulus checks, it’s the extension of the child tax credit in the relief legislation that really stands out as revolutionary policy, according to Pamela Stone, professor of sociology at… Source link

Monthly stimulus checks may be on the way for families later this year Almost a full year into the global pandemic, families across the U.S. are struggling to make ends meet — and more children are going hungry, advocates say. To fight child poverty that has worsened during the current crisis, a proposal in Congress would temporarily increase the child tax credit in a way that would essentially provide families with another set of stimulus checks, beyond the third, $1,400 relief payments now… Source link