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COVID-19 relief bill includes $3,000+ tax credit per child, given in monthly payments – Tampa, Florida

Tampa, Florida 2021-03-10 08:12:30 –

Nashville, Tennessee — Some of the COVID-19 relief packages under consideration by the House of Representatives include a huge one Financial boost for families with children..

If the bill is passed and signed by President Joe Biden, parents will earn as much as $ 3,600 per child per year. Specifically, children under the age of 6 are $ 3,600 and children between the ages of 7 and 18 are $ 3,000. Unlike previous tax credits, credits are distributed on monthly checks. Single parents who earn more than $ 75,000 and couples who earn more than $ 150,000 are not eligible.

As with stimulus checks, money can be used for anything.

“Some of them may still be behind in paying rents, etc. Many people are still likely to be seized, so this is at least some to move them money. “Political analyst at Scripps Station WTVF in Nashville, said Pat Nolan.

This program was designed for parents like Briana Proudfoot. She is a single mother working in the hospitality business in Nashville. The pandemic slowed her shift in work, and when she was in time, Proudfoot struggled to find and buy a babysitter.

“In fact, childcare has been our biggest problem since we moved here. Finding a reliable babysitter that costs less than I make,” Proudfoot said. “Our game will change when we can find and pay for babysitters we can trust.”

Proudfoot said he could afford a more expensive and reliable sitter if the bailout bill was passed.

“I had to call from multiple shifts. I had my babysitter cancel at the last minute,” she said.

According to Nolan, the bill’s structure would allow child tax deductions to expire at this time next year, but it wouldn’t be surprising if monthly benefits were new and regular.

“I think it would be very difficult for Congress to say,’I can’t do that anymore,'” Nolan said.

Democrats in Congress have pointed out studies claiming that child tax deductions can reduce child poverty rates by up to 45% overall and up to 50% in African-American communities.

Many Republicans in Congress call the provision a significant increase in the US welfare system, arguing that it could discourage people looking for new jobs.

The House of Representatives COVID-19 Relief Bill to be Passed on Wednesday A child tax deduction is included and Biden has indicated that it will sign it.

This story was originally published by Chris Davis WTVF In Nashville.



COVID-19 relief bill includes $3,000+ tax credit per child, given in monthly payments Source link COVID-19 relief bill includes $3,000+ tax credit per child, given in monthly payments

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