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More parents eligible to get additional money from stimulus
The cap for how much parents make and the requirements to receive this federal money have changed.
and last updated 2021-03-10 23:08:40-05
LAFAYETTE, La. â President Joe Biden is expected to sign the American Rescue Plan on Friday, which features $1,400 stimulus checks for many Americans.
But in addition to the direct payments, the newly approved stimulus package features an increase to the amount of cash parents can get per child. Plus, the cap for how much parents make and the requirements to receive this federal money has changed.
There will be an increased Child Tax Credit in 2021, bringing it to up to $3,600 for children under the age of six and up to $3,000 for ages six to 17, and even families without income will receive it. The IRS will distribute the funds in payments of as much as $300 per month. The payments are expected to begin going out in July.