Stimulus checks to start hitting bank accounts over spring break
President Biden signs COVID-19 relief bill, stimulus checks to come in the next few weeks.
March 11, 2021
Stimulus checks will pop into bank accounts starting this weekend, after President Biden signed the $1.9 trillion stimulus package Thursday afternoon upon receiving the finalized bill from Congress, which now includes a second round of stimulus checks that will be available to college students listed as dependents.
Several college students are listed as dependents on their parents’ tax information, and with the passage of this bill, every American will receive $1400 per each dependent, meaning college students can receive a stimulus check from their parents after being excluded from the first round of stimulus checks.
In addition the bill includes:
- An extension of unemployment assistance until September at $300 per month
- $1400 checks to American making less than $75,000 a year
- An expansion of the child tax credit to $3600 for children under 6 and $3000 for children between 6 and 17
- $20 billion for vaccine manufacturing and distribution
- Roughly $50 billion for testing and contact tracing
- $350 billion for relief of Local and State Governments
- $120 billion for K-12 schools
- $30 billion for restaurants
- Increase the amount received from the Supplemental Nutrition Assistance Program by 15%
- Subsides and Provisions for Americans trying to receive healthcare
- Expansion on employee retention tax credit