This means a family with two children could receive $5,600. Those eligible will get up to $1,400 in stimulus payments for each taxpayer in their family plus an additional $1,400 per dependent. Third Stimulus Payments for Individuals and Joint Taxpayers In addition, the bill also extends certain unemployment benefits and expands tax relief for unemployment benefits, the Child Tax Credit and the federal Earned Income Tax Credit (EITC). The plan includes a third round of stimulus payments for millions of people. March 11: The American Rescue Plan was signed into law on March 11, 2021. We anticipate that the IRS Get My Payment tool will be updated next week.įor information on when you can expect your stimulus payment, visit the “Where’s My Third Stimulus Check?” blog post. March 12: The IRS has begun distributing stimulus payments and we expect eligible people could receive their stimulus payments as early as next week (March 17th). Find out more details about what this can mean for you here and below.ĪpUpdate: The Biden Administration extends student loan repayment, interest, and collections through August 31, 2022.ĭecember 22, 2021: The Biden Administration extended the pause of federal student loan payments, interest, and collections through May 1, 2022. ![]() Department of Education announced a three part student loan debt relief plan that includes an extension of the pause on student loan payments until December 31, 2022, debt cancellation, and a proposal to create an income-driven repayment plan to help lower future monthly payments. AugUpdate: President Biden, Vice President Harris, and the U.S.
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