Third COVID 19 Economic Stimulus Payment Eligibility amp How to Get It
Third COVID-19 Economic Stimulus Payment - Eligibility & How to Get It Skip to content
Motley Fool Stock Advisor recommendations have an average return of 397%. For $79 (or just $1.52 per week), join more than 1 million members and don't miss their upcoming stock picks. 30 day money-back guarantee. Sign Up Now The measure passed into law in early March 2021, and payments began hitting bank accounts within days. The third round of stimulus checks is just one piece of a much larger piece of legislation that closely mirrors President Joe Biden’s $1.9 trillion American Rescue Plan, a sweeping stimulus proposal announced on Biden’s first day in office. Led by U.S. House Speaker Nancy Pelosi and Senate Majority Leader Chuck Schumer, the House and Senate approved funding for the plan in early March 2021, and President Biden signed the measure shortly thereafter. In addition to the third stimulus check, the relief package includes most of the major pillars of the White House’s proposal, such as: Funding for a national COVID-19 vaccine program that prioritizes vulnerable Americans and essential workersFunding for a comprehensive plan to safely reopen public schools across the United StatesExpanded emergency paid leave (paid family leave) for American workers, including many not covered by existing pandemic leave programsExtended pandemic unemployment benefit programs for workers laid off due to the ongoing economic crisis, including a $300 boost to federal unemployment benefits through Sept. 6, 2021, and about $10,000 in tax-free unemployment benefits for low- and middle-income taxpayersExtended moratoria on rental housing evictions and foreclosures and increased funding to combat homelessnessExpanded nutrition assistance programs for families struggling to put food on the tableA temporary expansion of the child tax credit for low- and middle-income families, paid monthly at $300 for children aged 6 and under and $250 for children aged 6 and over (per the Tax Foundation) Of course, it was the prospect of direct payments — a maximum check size of $1,400 per individual and $2,800 per joint-filing married couple — that caught many Americans’ attention.
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By Brian Martucci Date September 28, 2021FEATURED PROMOTION
As the brutal second wave of the COVID-19 pandemic crested in late December 2020, U.S. lawmakers passed a badly needed and long-delayed stimulus package that included a second round of direct payments to most American taxpayers. Former President Donald Trump signed the $900 billion compromise bill into law a few days before the dawn of a new year that Americans hoped would bring an end to the acute phase of the pandemic. But it remained anyone’s guess how long the economic fallout would last. That uncertainty, combined with unified Democratic control of the presidency and both houses of Congress, spurred lawmakers to begin work on yet another stimulus package in January 2021.Features of the American Rescue Plan Biden’ s Plan Third COVID-19 Economic Stimulus Payment and More
In addition to a host of sorely needed economic support and aid measures, this COVID-19 relief measure included a third round of direct payments to Americans — the biggest yet, at up to $1,400 per individual and $2,800 per joint-filing couple, plus an expanded definition of qualifying dependents.Motley Fool Stock Advisor recommendations have an average return of 397%. For $79 (or just $1.52 per week), join more than 1 million members and don't miss their upcoming stock picks. 30 day money-back guarantee. Sign Up Now The measure passed into law in early March 2021, and payments began hitting bank accounts within days. The third round of stimulus checks is just one piece of a much larger piece of legislation that closely mirrors President Joe Biden’s $1.9 trillion American Rescue Plan, a sweeping stimulus proposal announced on Biden’s first day in office. Led by U.S. House Speaker Nancy Pelosi and Senate Majority Leader Chuck Schumer, the House and Senate approved funding for the plan in early March 2021, and President Biden signed the measure shortly thereafter. In addition to the third stimulus check, the relief package includes most of the major pillars of the White House’s proposal, such as: Funding for a national COVID-19 vaccine program that prioritizes vulnerable Americans and essential workersFunding for a comprehensive plan to safely reopen public schools across the United StatesExpanded emergency paid leave (paid family leave) for American workers, including many not covered by existing pandemic leave programsExtended pandemic unemployment benefit programs for workers laid off due to the ongoing economic crisis, including a $300 boost to federal unemployment benefits through Sept. 6, 2021, and about $10,000 in tax-free unemployment benefits for low- and middle-income taxpayersExtended moratoria on rental housing evictions and foreclosures and increased funding to combat homelessnessExpanded nutrition assistance programs for families struggling to put food on the tableA temporary expansion of the child tax credit for low- and middle-income families, paid monthly at $300 for children aged 6 and under and $250 for children aged 6 and over (per the Tax Foundation) Of course, it was the prospect of direct payments — a maximum check size of $1,400 per individual and $2,800 per joint-filing married couple — that caught many Americans’ attention.