New Covid Relief Legislation
Starting on July 15, 2021, many families across the country will begin receiving crucial Child Tax Credit payments.
The enchanced payments, established by the American Rescue Plan Act passed by Congress and signed by President Biden earlier this year, are worth up to $3,000 per child ages 6 to 17 and $3,600 annually for children under 6 in 2021.
Eligible families will receive half of their credit in the form of monthly payments of up to $250 per school-age child and up to $300 per child under 6 from July through December 2021. The other half will be paid in a lump sum when parents file their 2021 taxes next tax season.
For more information, visit the IRS informational page here. To determine if you are eligible for advance payments of the Child Tax Credit, visit the IRS's Advance Child Tax Credit Eligibility Assistant here.
The House has passed the finalized version of the Biden Administration's "American Rescue Plan".
For more details on the legislation, see an updated one-page summary prepared by the House Budget Committee.
For a detailed 23 page overview of the provisions in the bill, click here.
For the complete bill text, click here.
The package builds on seveal other aid measures enacted in 2020. For more info on those bills, see:
-The year-end spending and aid package (Bill Summary)
-The CARES Act (Bill Summary)
-The Families First Coronavirus Response Act (Bill Summary)
The December 21st Bill is over 6,000 pages.
The text of the spending package, H.R. 133, is available here.
A division-by-division summary of the appropriations provisions is here. A division-by-division summary of the coronavirus relief provisions is here. A division-by-division of the authorizing matters is here.
One-page fact sheets on critical Democratic priorities included among the appropriations provisions, the coronavirus relief provisions, and the authorizing matters are here, here, and here respectively.
Provisions of interest to Small Businesses, NonProfits and Entertainment Venues, here.
For assistance in dealing with any federal agency, including help with the new Covid relief bill, visit BradSherman.house.gov/Help