‘A life-changing achievement’ what the $1.9 trillion COVID bill means for families with kids MarketWatch 3/14/2021
TAXWATCH
America’s families with children are one step closer to a cash infusion that could potentially lift millions of kids out of poverty and be the seed money for a better life.
Alongside $1,400 stimulus checks and more unemployment benefits, the $1.9-trillion financial stimulus package passed Saturday in the Senate, and in the House of Representatives on Wednesday, broadens the Child Tax Credit’s eligibility and makes the credit’s payouts more generous.
The IRS would send recurring direct payments to eligible parents from July to December and square up the rest in a lump-sum payment next tax season.