The IRS continues to the IRS said. That , however, is just one piece of aid the federal government is making to people struggling through the .to . The latest wave is going out to 4 million Americans,
Along with the, two other payments promise long-term support for individuals and families: and an expansion to the that'll send periodic payments to throughout the year -- .
Here's what you need to know about all the ways you can get more money through these federal programs, and here are. This story was recently updated.
Check 1: The $1,400 third stimulus payment
Thehas already gone out to tens of millions of Americans, with more batches of payments going out over the coming weeks -- you can . Under , some folks who qualified for the first two payments for the third. A , designed to exclude higher earners from getting a check, comes with a rule change regarding the in the . Check out our to see how the income cap affects you.
The new legislation gives the IRS a deadline of Dec. 31 to finish sending the stimulus checks.
With this, and are included. Here are , including if you . Here's , what to do if you -- and -- and approved in 2020.
Check 2: Expanded child tax credit for 2021, which is more than double the amount of the stimulus checks
The new American Rescue Planthat currently allows families to claim a credit of up to $2,000 for children under 17. The plan extends the benefit to lower-income families who otherwise wouldn't receive the credit. Families can claim as much as $3,600 per year for a child under 6 and up to $3,000 per year for those between 6 and 17. Here's and how to for the larger payments.
Check 3: $300 in additional weekly unemployment benefits, including a new tax break
Under the new legislation, federal unemployment checks have been extended to Sept. 6 at a. The package also for households earning less than $150,000 a year. The new law renewed the weekly , which would've expired March 14, .
The plan also removes a provision that you have to make $2,500 a year to receive the credit and makes the credits fully refundable. In addition, it expands tax credits for one year to help cover the cost of child care. Families could get back as a tax credit as much as half their spending on child care for children under age 13, up to $4,000 for a single child and $8,000 for two or more children.
What's going on with the student loan debt forgiveness?
In March, President Joe Biden's administration approved a $1 billion loan forgiveness for students who were defrauded by their colleges, or if their school shut down. The change is projected to affect 73,000 people.
Though forgiving student loan debt has been part of the discussion since January, Senate Democrats and the president have different dollar figures in mind for how much to cancel. Biden on Feb. 16 said he supports canceling $10,000 in student debt per borrower and extending the pause on student loan repayment. His figure is at odds with a Senate Democrat proposal, however, that calls for canceling up to $50,000 in student debt per borrower.
"I do think that, in this moment of economic pain and strain, that we should be eliminating interest on the debts that are accumulated, No. 1. And No. 2, I'm prepared to write off the $10,000 debt, but not $50,000," Biden said. While the House and Senate versions of the bill don't forgive student debt, the legislation includes a provision that will make tax-free any forgiven student loan, according to The New York Times.
What about money for coronavirus vaccine distribution?
More than 161 million vaccine doses have so far been administered in the US -- and over 207 million distributed. More than a month early, the country reached Biden's goal of 100 million jabs during the first 100 days of his administration (April 30 marks his 100th day in office), with a new goal of 200 million shots in the first 100 days.
The president's plans set aside $160 billion for a that's been helping state and local governments get the vaccine into people's arms.
More funding to help reopen schools during the pandemic
Getting students back in physical classrooms is a critical piece of the economic recovery. The new law works to return students to schools by having a majority of kindergarten to eighth-grade classrooms safely reopen in the first 100 days of the administration.
More money for state, local and tribal governments
Since the fall, economists have pushed for Congress to provide funding for state and local public jobs. "The case for additional aid is strong because the downside risk of doing nothing is quite real," the American Enterprise Institute, a conservative think tank, said at the end of last year. "The fact that over 1 million state and local government workers have lost their jobs is a sign that fiscal distress has had real consequences." In addition to state and local funding, the law provides funds for food and water assistance and food stamps.
The eviction moratorium now extends through June
Days before the moratorium was set to expire, CDC Director Rochelle Walensky extended the federal halt on evictions and foreclosures through June 30. On Jan. 20, Biden signed an executive order extending the eviction ban through this month.
No $15 minimum wage increase right now
Senate Democrats jettisoned a provision in the relief bill to boost the minimum wage, after the Senate parliamentarian, who determines which items can and can't be included in the bill under a , determined that the provision fell outside of guidelines. Proponents will look to include the $15 hourly rate in another bill.
"If any Senator believes this is the last time they will cast a vote on whether or not to give a raise to 32 million Americans, they are sorely mistaken," Sen. Bernie Sanders tweeted March 5. "We're going to keep bringing it up, and we're going to get it done because it is what the American people demand and need."
For more information about stimulus money, here are the, and how your .