The bill was adopted by the Senate on Saturday and awaits a final vote from the House. Biden has said he will sign the measure into law.
“The provisions in the bill for parents are significant,” said former taxpayer advocate Nina Olson, who is now executive director of the Center for Taxpayer Rights. It “targets the assistance to families who are among those needing the greatest help, those who have so little income they do not have a tax liability.”
Here are some answers to questions you may have about payments for children and other dependents in the latest stimulus package.
What to know
- How much is the direct stimulus payment for dependents?
- Will the IRS deduct back child support or other federal or state debts from the third stimulus payment?
- How much more will I get under the Child Tax Credit provision?
- How will I receive the money under the Child Tax Credit?
- Will there be changes to the child and dependent care tax credit?