Economic Relief Of 2024 Update. On january 19, 2024, the ways and means committee made a significant bipartisan move by approving the tax relief for american families and workers act of 2024. The tax relief for american families and workers act of 2024, passed by the house of representatives on january 31st, 2024, aims to provide tax relief and support to american families and workers.

Some of the payments are courtesy of state budget surpluses,. The federal government has now authorized three rounds of economic impact payments (stimulus checks) through the irs to help americans get on more stable financial footing.