On June 1, 2023, Congress passed the Fiscal Responsibility Act, averting a first-ever government debt default. The bill includes a two-year suspension of the debt ceiling now set at $31.4 trillion which will allow the government to continue paying for things like social security payments and veteran benefits. You may be wondering, “What else is included in the debt ceiling deal and how does it impact me?” Don’t worry we have you covered.
Through our Intuit Military and Veteran Initiative, we are committed to creating job opportunities and fueling financial empowerment for military families and veterans with programs woven within the fabric of our company.
New Coronavirus Relief Package: What Does it Mean for You and a Second Stimulus Check
TurboTax Blog Team
How will the new Coronavirus Relief Package Impact You?
A second stimulus is coming for millions of Americans.
The Coronavirus Response and Relief Supplemental Appropriations Act of 2021 – a $900B relief package to deliver the second round of economic stimulus for individuals, families, and businesses was signed into law December 27, 2020. The bill provides relief through multiple measures and expands many of the provisions already put into place under the CARES Act, including a second round of direct stimulus payments to individuals and families.