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Praise and worry over massive $1.9 trillion COVID-19 relief package


Dependents will also receive the stimulus payment which means a family of four could get $5,600.
On top of that, the current $2,000 child tax credit has been increased too. $3,600 per child up to age five and $3,000 per child from ages 6 to 17.
It would be nice to have help instead of using your last to pay rent, said Kia Fowler.
In addition, the tax credit will be refundable, which means you can receive the money even if your tax bill is zero.
Making the tax credit fully refundable is an incredibly smart and targeted way to help those who are most in need, said Kathy Fisher of the Greater Philadelphia Coalition Against Hunger. ....

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Child tax credit 2021: Some families to receive $300 stimulus payment each month per child


Congress has sent President Joe Biden the landmark $1.9 trillion COVID-19 relief bill.
The enhanced portion of the credit will be available for single parents with annual incomes up to $75,000 and joint filers making up to $150,000 a year.
For example, in 2021, a family with two parents earning less than $150,000 and three children under the age of 6 could receive $10,800 on top of $1,400 in stimulus payments for each eligible adult and child, totaling $17,800.
It ll help with household finances. Maybe even with medical costs, and just with entertainment. Everybody s been in cooped up the house, John Barbour, a Philadelphia resident, told 6abc.
In addition, the tax credit will be refundable, which means more low-income families can take advantage of it, even if their tax bill is $0. Until now, it has only been partially refundable leaving 23 million children unable to get the full credit because their families incomes are too low. ....

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