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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 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 ...
The child tax credit was substantially expanded for one year under the American Rescue Plan Act of 2021 (ARP), a stimulus bill passed during the economic downturn caused by the COVID-19 pandemic. The ARP increased the credit to $3,600 per child under the age of 6 and $3,000 per child between the ages of 6 and 17 (note that it increased the ...
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 ...
The American Rescue Plan Act (ARP) of 2021 significantly expanded the child tax credit for one year, allowing qualifying families to offset $3,000 per child up to age 17 and $3,600 per child under age 6.
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