{"id":80371,"date":"2021-03-15T15:00:52","date_gmt":"2021-03-15T19:00:52","guid":{"rendered":"https:\/\/tjbdeals.com\/?p=80371"},"modified":"2021-03-15T15:18:15","modified_gmt":"2021-03-15T19:18:15","slug":"congress-has-just-passed-a-3rd-stimulus-bill-heres-latest-info-on-the-stimulus-checks-unemployment-child-tax-credits-more","status":"publish","type":"post","link":"https:\/\/tjbdeals.com\/?p=80371","title":{"rendered":"Congress Has Just Passed a 3rd Stimulus Bill! Here\u2019s Latest Info on the Stimulus Checks, Unemployment Child Tax Credits & More!"},"content":{"rendered":"

Update March 15th<\/span>:<\/strong> Many people have already started receiving the Third Stimulus Payment.<\/span><\/p>\n

Click here<\/strong><\/span><\/a> to check when your payment is supposed to arrive. <\/span><\/p>\n

[Click on My Payment<\/strong> \u2192 OK \u2192 Then Enter the requested information just like its listed on your tax return<\/strong><\/span><\/p>\n

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Originally posted March 10th<\/em><\/span><\/p>\n

Congress passed a massive $1.9 trillion COVID-19 relief bill with President Biden expected to sign it by the end of the week.<\/span><\/p>\n

Here are the details:<\/span><\/p>\n

Stimulus Checks:<\/strong><\/span><\/p>\n

The bill would send $1,400 stimulus checks to individuals making $75,000 or less and to couples earning $150,000 or less. Eligible taxpayers will also receive $1,400 for each dependent claimed on their federal tax return. <\/span><\/p>\n

However, the phase out on this bill will be $80,000 for single filers or $160,000 for married filers. <\/span><\/p>\n

Check our previous article here<\/span><\/a> to see if its worthwhile for you to file your tax return early or to wait til after these checks are sent out.<\/span><\/p>\n

Unemployment:<\/strong><\/span><\/p>\n

The weekly federal unemployment benefits will be $300 per week through September 6. That’s in addition to the state payment. The first $10,200 of income from unemployment will be exempt from Federal taxes for those making $150,000 or less.<\/span><\/p>\n

Child Tax Credit:<\/strong><\/span><\/p>\n

The bill would expand the Child Tax Credit for the 2021 tax year to a fully refundable $3,600 for children 5 and younger and $3,000 for those ages 6 to 17. <\/span><\/p>\n

The credit phases out for individuals with adjusted gross income of more than $75,000 and couples with more than $150,000.<\/span><\/p>\n

Child and Dependent Care Tax Credit:<\/strong><\/span><\/p>\n

The tax credit for child and dependent care would increase for 2021 from a maximum of $1,050 for one child and $2,100 for two or more children to $4,000 and $8,000. The credit would also be fully refundable.<\/span><\/p>\n

Food Stamps:<\/strong><\/span><\/p>\n

The bill will extend a 15% increase in food stamps benefits through September.<\/span><\/p>\n

Rest of the bill:<\/strong><\/span><\/p>\n

This stimulus bill will also send $350 billion to state and local governments, set aside funds for contact tracing, vaccine distribution, education, rent and mortgage assistance, expand subsidies for health insurance, extend employee retention credit and provide nearly $30 billion in aid for restaurants.<\/span><\/p>\n

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Via Washington Post<\/span><\/a>:<\/span><\/p>\n

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Unemployment benefits:<\/b><\/span><\/p>\n<\/div>\n

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