Prior to the approval by both bodies of the economic stimulus package in the federal legislature, the Treasury Department awaits the signature of United States President Joe Biden to begin dividing the $ 1,400 in the project including.
The Treasury Secretary, Francisco Parés, already has an estimate of when he could distribute this money once it becomes law.
“I estimate that once the president signs the project, we can begin dividing the $ 1,400 within 3 to 4 weeks when the IRS approves the plan,” the owner said in an interview with WIAC 740.
“I estimate that once the president signs the project, we can start dividing the $ 1,400 within 3 to 4 weeks when the IRS approves the plan. My recommendation is that people file their returns,” he explains. @BuienRadarNL in # WIAC740
– J.Lebrón Ayala (@SrLebron) March 11, 2021
On the other hand, Parés advised citizens to file their income tax return for 2020.
This bill includes, in addition to the $ 1,400, a credit for teachers of children under six for those with one, two, or more children, and extends support of $ 119 to students participating in the school lunch program through August, including Unemployment benefits.