STIMULUS PACKAGE INFORMATION

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This page will answer frequently asked questions about the Economic Impact Payments (EIP), also commonly known as stimulus payments, and other tax credits that may help put more money in your pocket.

On Wednesday, March 10, 2021, Congress passed a new COVID-19 relief bill, the American Rescue Plan Act, which was signed into law by President Biden the next day. The $1.9 trillion relief package offers new economic assistance to individuals, families, schools, businesses and state and local government

Beginning July 15, 2021, many eligible families across the country will begin receiving advance payments related to changes made to the Child Tax Credit with the passing of the American Rescue Plan Act. The IRS will pay half the total Child Tax Credit amount in advance via monthly payments between July 15 and December 2021, unless eligible individuals/families opt out of receiving these payments in advance. You will claim the other half when you file your 2021 income tax return in 2022. These changes apply to tax year 2021 only. It is important you are aware of who qualifies and how to ensure you receive this tax credit in the way that best fits you and your household. Learn more by visiting our most frequently asked questions regarding the Advance Child Tax Credit.

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