Your biggest stimulus payment ever is coming soon – and you might not even know about it

bgrpro65 mai 18, 2021

Less than two months from now, millions of Americans will start receiving monthly checks from the federal government that add up to their biggest stimulus payment so far during the pandemic.

The new stimulus checks will be a bit different in form than previous payments, with the first three stimulus checks (for $1,200, $600, and $1,400) representing one-time, one-off checks from Uncle Sam. This time around, starting July 15, the single payment will be split up into monthly checks, generally arriving each month for eligible families on the 15th. The payments are a byproduct of the $1.9 trillion American Rescue Plan that President Biden signed into law in early March, legislation that included an expansion of the federal child tax credit. That's what these payments represent -- monthly tranches adding up to the total child tax credit that Biden's stimulus law makes possible.