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The 2021 American Rescue Plan and Child Tax Credit / Child Allowance

Q: What is the American Rescue Plan?

A: The American Rescue Plan is a major economic stimulus package that will provide immediate relief for children and families, work to address the racial and economic injustices COVID-19 has exacerbated, and take a long-overdue step toward ending our nation’s shameful child poverty crisis by cutting child poverty in half. It was signed into law in March 2021.

Q: How will it help children and families?

A: This package includes several different forms of direct aid for parents and families that will make an immediate difference for those who are struggling. It extends key supports that have been helping families impacted by the crisis for the past year, like housing and nutrition assistance. The American Rescue Plan also includes long-awaited investments in child care and education that will finally help children get back in schools and parents get back to work.

Q: What can I expect to see as a result of the American Rescue Plan?

A: Millions of parents will receive a new per-child allowance — the expanded Child Tax Credit (CTC) — beginning this summer, which will arrive in the form of a monthly check to help families afford the everyday expenses of raising children. Many adults can also expect to receive another stimulus check for themselves and their dependents. Affordable health coverage will be expanded, unemployment benefits for those who have lost work will be extended through the summer, and there is new support for those who need to take family leave. Communities will also get the funding and supplies they need to ramp up COVID-19 vaccinations and testing.

Q: What is the Child Tax Credit?

A: The historic expansion of the Child Tax Credit means that families will receive $3,600 per child under age 6 and $3,000 per child age 6 to 17, paid out in periodic installments beginning in July for one year. The Children’s Defense Fund is working hard to ensure this poverty-fighting child allowance will become permanent. Read more about this below.

Learn more at: IRS.gov

Did you receive unemployment compensation?

Did you receive unemployment compensation?

The American Rescue Plan Act of 2021, also called the COVID-19 Stimulus Package, is a $1.9 trillion economic stimulus bill passed by the 117th United States Congress and signed into law by President Joe Biden on March 11, 2021, to speed up the United States’ recovery from the economic and health effects of the COVID-19.

Covid-19 | Office Hours

New Office Policies:
The office will be temporarily closed to clients from April 1 – April 15, 2020. However, we will be servicing clients via Zoom video conference. All important files will be transmitted through our secure file server. For more info text or call us at 407.350.0879

We Offer Mortgage Loans

Are you looking to become a homeowner, reduce your debt, or lower your mortgage payment in 2020? We are proud to announce our sister company Scott Capital Finance Inc. is now offering home loans. Call on the folks you know you can count on and let us help you open the door to a prosperous new year!!!!

The Microsoft Excel Tricks That Can Save You Time in Your Week

Some business owners think of Microsoft Excel as a godsend they’d be lost without, while others are simply too intimidated to really learn it as well as they know they should. Whichever camp you fall into, you only stand to benefit by becoming more proficient at using this absolutely essential tool. Knowing your way around Excel can help save you loads of time and increase your overall productivity to boot. The following are just a few examples of how.

Wearing Too Many Hats?

IRS reported: A small business owner often wears many different hats. They might have to wear their boss hat one day, and the employee hat the next. When tax season comes around, it might be their tax hat.

Advantages of Using Accounts Receivable Financing

When it comes to financing your business, you’re probably well aware that there are many options available to you. One of the more popular types of financing is accounts receivable financing. This allows you to get immediate financing to enhance your business. Here is what you need to know and what advantages you can expect.