***The Iowa Standard is an independent media voice. We rely on grassroots financial supporters to exist. If you appreciate what we do, please consider a one-time sign of support or becoming a monthly supporter (even just $5/month would go a long way in sustaining us!) We also offer advertising options for advocacy groups, events and businesses! If you’ve ever used the phrase “Fake News Media” — this is YOUR chance to do something about it! You can also support us on PayPal at [email protected] or Venmo at Iowa-Standard-2018 or through the mail at: PO Box 112 Sioux Center, IA 51250 Thank you so much for your support and please invite your friends and family to like us on Facebook, sign up for our email newsletter and visit our website!***

U.S. Senator Joni Ernst (R-IA) is supporting bipartisan legislation that would allow parents with a newborn child to claim an additional $500 in direct financial assistance provided through the CARES Act right away instead of waiting until they receive their tax return next year.

“For new parents, this pandemic has brought unforeseen challenges at such an important time in their lives,” said Senator Joni Ernst. “The COVID-19 relief legislation we passed earlier this year was designed in part to help these families, and it’s critical they get assistance now—not a year from now. This bipartisan legislation will make that simple fix to ensure Iowa families get this vital support right away.”

The CARES Act included $1,200 economic impact payments for qualifying taxpayers, with a $500 boost for each qualifying child. Unfortunately, parents with children born in calendar year 2020 cannot receive the $500 boost until filing their taxes in 2021. The Newborn CARES Act would simply allow these families to receive that payment now, rather than waiting until next year, and the proposal would be cost-neutral.

Author: Press Release