In essence, the child tax credit that parents get every year will increase to $3,000 to $3,600 per child for 2021, depending on the age of each child. And the government is going to give taxpayers half of it in cash in installments over the last six months of the year.

But Dunn also is concerned that as the economy improves and taxpayers start to feel their stimulus payments since the beginning of the pandemic burn holes in their pockets, they will fall into a financial trap. In this week’s edition of the IBJ Podcast, Dunn discusses with host Mason King the risks in recalibrating your spending habits during a boom with artificial income.