President Joe Biden’s $1.9 trillion stimulus plan includes a third stimulus check for up to $1,400 per eligible American. But that’s not the only funding that your family could receive from the proposal working its way through Congress right now. The current version of the bill — called the American Rescue Plan — also includes a major expansion to the Child Tax Credit, more access to affordable early child care, money for aging and disability services, and a raise to the maximum earned income tax credit for adults, including older workers.
None of these provisions are guaranteed until the bill becomes law, and could change before that point. Biden is also expected to include more provisions for child and elder care in a future bill, according to The Washington Post.
Here’s what we know so far about what the stimulus plan includes in terms of benefits for children and older adults, and how your family could see thousands of dollars in tax benefits this year.
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