Faced with the approval in both bodies of the economic stimulus package in the federal legislature, the Treasury Department is waiting for the signature of the President of the United States, Joe Biden, to begin distributing the $ 1,400 that are included in the project.
The Secretary of the Treasury, Francisco Parés, already has an estimate of when he could start distributing this money once it becomes law.
“I estimate that once the president signs the bill, we can start distributing the $ 1,400 between 3 to 4 weeks in which the IRS approves the plan for us,” the headline commented in an interview with WIAC 740.
“I estimate that once the President signs the bill, we can start distributing the $ 1,400 over 3 to 4 weeks in which the IRS approves the plan. My recommendation is that people file their payroll,” he explains. @SecHacienda a # WIAC740
– J. Lebrón Ayala (@SrLebron) March 11, 2021
On the other hand, Parés recommended to the public to file their contribution sheets on income for the year 2020.
This bill, in addition to the $ 1,400, includes a credit for tutors under the age of six for those with one, two or more children, extending the $ 119 grant for students participating in the school canteen program until August, as well as unemployment benefits, among other things.