New Stimulus Bill Includes Monthly Payments for Parents

Father reading to his child
Photo by Monkey Business Images /

Congress just passed a major expansion of a tax credit that experts say will drastically reduce child poverty and reach more than 90% of American children. The changes to the child tax credit are one of the key provisions in the American Rescue Plan Act, a $1.9 trillion stimulus package that includes expanded unemployment benefits and the long-awaited $1,400 stimulus checks.