Biden has recently signed a relief bill and now he wants to do more for families who are struggling for their survival. We have already aware of the fact that it is about the monthly payment to adjust the living costs during a pandemic.
Lengthy meetings that ended up a hundred pages of documents and only a few pages were decided for the topic. The increased child tax credit would be an extension of the one filed on your tax return. What does that mean? Until the end of the year, families would get $250 to $300 a month per child.
Also, there is an extreme relief that would not be stretched by end of the year, thus allowing families to claim the remainder on their tax returns in 2021. Families can expect to see this begin to dish out in July, according to multiple reports. Have a safe week!