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

LBC Newshour, Universal Credit phone-in & Vaccines: Who should be prioritised next?