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The legislative package includes a second round of economic impact payments also.
Amount of second round of stimulus checks. Families also get additional 600 payments for each qualifying dependent under age 17. The stimulus checks are worth 600 for individuals earning up to 75 000 and couples earning 150 000. The second stimulus checks for the covid 19 relief package are set to total 600 per person with phase outs based on adjusted gross income limits that are similar to the first relief package.
Single people earning over 87 000 the second round of checks will have the same type of income phaseouts as in the cares act with the stimulus check payments reduced for earnings above 75 000. According to cnbc here are the qualification guidelines for who would get a second check. The maximum amount for this second round of stimulus checks is 600 for any eligible individual or 1 200 per eligible couple who file taxes jointly.
President donald trump signed a bill that includes 900 billion in pandemic aid relief on the 27th of december. For a family of four that would include 600 for each eligible dependent or 2 400 in total. Senate republicans introduced a series of new coronavirus relief bills the week of july 27 that includes a second round of stimulus checks for most americans.
In the first round adults were eligible for 1 200 and dependents were eligible for 500. Taxpayers will also receive 600 for children under 17. On the one hand you aren t required to do anything to receive it but on the other.
To get the full 600 amount a person can t earn more than 75 000 in 2019 or 150 000 for couples. A second round of stimulus checks may soon land in the bank accounts of millions of americans after president donald trump signed a 900 billion economic relief package on december 27. Right now stimulus checks for qualifying individuals are 600.
The size of your stimulus check is based on your adjusted. Qualifying couples will receive 1 200 and qualifying dependents get 600.
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