Economic Relief 2024 What Is

Economic Relief 2024 What Is. Starting in march 2020, the coronavirus aid, relief, and economic security act (cares act) provided economic impact payments of up to $1,200 per adult for eligible individuals and $500 per qualifying child under age 17. Eligible taxpayers who filed tax returns for either 2019 or 2018 will automatically receive an economic impact payment of up to $1,200 for individuals or $2,400 for married couples.

Budget 2024 expectations income tax slab changes: Economic, revenue, and distributional effects of the tax relief for american families and workers act of 2024.