YFP 198: What You Need to Know About the Most Recent Stimulus Bill

Your Financial Pharmacist

On this episode, sponsored by Insuring Income, Tim Baker and Tim Ulbrich break down the key points of the most recent $1.9 trillion stimulus package also known as the American Rescue Plan Act of 2021. Tim and Tim discuss the items that they think are the most relevant to your financial situation and plan, including the stimulus payments, the expansion of the child tax credit, the unemployment compensation and benefits, and what to make of the student loan forgiveness provisions being tax-free through the end of December of 2025.

Mentioned on the Show

• Insuring Income: Get Quotes and Apply for Term Life and Disability Insurance
• Register for the free webinar: Student Loan Strategies for 2021
• The Pharmacist’s Guide to Conquering Student Loans by Tim Church, PharmD
• America Rescue Plan Act of 2021
• US Department of the Treasury FACT SHEET: The American Rescue Plan Will Deliver Immediate Economic Relief to Families
• Coronavirus Aid, Relief, and Economic Security Act (CARES Act)
• Consolidated Appropriations Act, 2021
• Schedule a free Discovery Call with YFP Planning
• Work with a YFP Tax Pro
• IRS: Get My Payment
• Tax Cut and Jobs Act
• Kiplinger: 2021 Child Tax Credit Calculator
• COVID-19 Relief: The Latest from the Treasury Department