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By aimee picchi january 4 2021 2 08 pm moneywatch.
Latest news for stimulus money. A 2 000 stimulus check will be at the heart of a 2 trillion covid relief plan that president elect joe biden is set to unveil thursday evening. How much money will new parents receive. And the house recently passed a bill to increase the amount of the second stimulus payment from 600 to 2 000 but the senate did not take up the measure.
Irs says the 600 payments are now on their way. The first 600 economic impact payments were sent out at the end of december around 80 have been processed ahead of this week s deadline. But how soon is now.
The stimulus money won t last long for many households doxo predicted noting that the typical mortgage in america costs homeowners more than 1 200 a month while renters pay an average of more. Biden referred to the latest stimulus as. The 900 billion stimulus package directs 600 to each child in a family as long as they are considered qualifying children under the irs tax code for the child tax credit.
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