Federal Aid

The child tax credit monthly payments will start next month on July 15th (07-15-21). It's a part of the American Rescue Plan Act of 2021 signed by President Joe Biden. Families with children ages 5 and under will receive $3,600 and $3,000 for children ages 6-17. The American Rescue Plan Act of 2021 increased the standard child tax credit for 2021 from $2,000 to $3,000 and up to $3,600 for families with kids 5 and under for each child.

The U.S. House of Representatives just passed the latest stimulus bill "The American Rescue Plan" by a vote of (220 to 211). As predicted the vote fell along party lines without a single Republican voting for the new COVID-19 relief package. The bill has gone back and forth between the House, to the Senate and back to the House. It will now head to the Oval Office to be signed by President Joe Biden. He's expected to sign the new bill later this week, more than likely on Friday, March 12th (03-12-21) maybe even sooner.