Economic Relief Payment 2024 . The treasury department, the bureau of the fiscal service, and the internal revenue service (irs) rapidly sent out three rounds of direct relief. The payment will go out to everyone who has filed their 2021 tax return by may 31, 2024, and has not been claimed as a dependent on another tax return.
This $2000 economic relief payment provides immediate assistance when people are losing jobs or facing a reduction in income. The child tax credit will be indexed to inflation, and the refundable portion of the tax credit will be incrementally increased for the years 2023, 2024, and 2025.
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