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The American Rescue Plan Act of 2021, also called the COVID-19 Stimulus Package or American Rescue Plan, is a US$1.9 trillion economic stimulus bill passed by the 117th United States Congress and signed into law by President Joe Biden on March 11, 2021, to speed up the country's recovery from the economic and health effects of the COVID-19 pandemic and recession.
The child tax credit is available to taxpayers who have children under the age of 17 (or in 2021 under the age of 18). Since 2018, the CTC is $2,000 per qualifying child. It is available in full to single filers who make up to $200,000 and married couples filing jointly who make up to $400,000.
Under the American Rescue Plan of 2021, the enhanced federal Child Tax Credit (CTC) provided working American families with $3,000 per child under 18 years of age and $3,600 per child age five and...
When the American Rescue Plan temporarily expanded the federal child tax credit, the nation’s child poverty rate was cut by half to a historic low of 5%. ... In 2021 alone, the temporary child ...
In 2021, President Joe Biden enacted the American Rescue Plan Act (ARP), which expanded the Child Tax Credit (CTC) significantly for one year, making it the largest U.S. child tax credit ever and ...
The American Rescue Plan, which was signed into law by President Joe Biden on March 11, 2021, includes a number of measures aimed at easing economic pressure on American families. In addition to a ...
U.S. Reps. Rosa DeLauro of Connecticut, Suzan DelBene of Washington and Ritchie Torres of New York included the bonus as part of a larger bill to reintroduce the 2021 American Rescue Plan Act. The ...
The American Rescue Plan increased the Child Tax Credit from $2,000 per child to $3,000 per child for children over the age of six and from $2,000 to $3,600 for children under the age of six, and ...
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