The amount of money you’ll be able to get for your Thanksgiving dinner has increased dramatically over the past couple of years.
The Federal Reserve Bank of New York has put out an alert that will give you a new opportunity to take advantage of the holiday cash gift program for 2018.
As of Friday, Nov. 24, the $500 gift will increase to $1,500 for the first $1 million, up from $900 for $1M.
The Fed said the program will be open to households with income of $75,000 and up.
The gift will be available to consumers who have at least one qualifying child.
The $1 billion gift is the first in a series of gift programs that the Fed has launched to help people get their holiday financial needs met during the holidays.
For the next year, the Fed also announced that it is extending the holiday season to December 1.
The Fed also said it is expanding the holiday tax credit program that applies to people earning up to $450,000.
The holiday season also marks the beginning of the new federal tax year.
The tax year begins on Jan. 1 and ends on Jan 31.
The tax holiday also coincides with the end of the government shutdown and the end to federal funding of food stamps and Medicaid.