New Stimulus Package Money Breakdown

600 direct payment checks for every adult and child earning up to 75 000.

New stimulus package money breakdown. Congress on monday passed a 900 billion stimulus package which includes direct payments of 600 to most americans. Here s what is in the stimulus package. The legislation includes 600 stimulus checks per person including adults and children.

It also sends another round of stimulus checks worth 600 per individual per household for those making less than 75k 150k for married couples and gradually phases out at higher incomes. While the package provides far more money for k 12 schools than the first stimulus bill in march the funds still fall short of what both sectors say they need to blunt the effect of the pandemic. But here are some of the package s main provisions.

The covid 19 relief package is just one part of a much larger bill that s more than 5 000 pages long. Breaking down the 900b stimulus package and 1 4t omnibus bill the legislation offers a wide range of help both for individuals and for struggling elements of the economy from mass transit to. 600 stimulus checks for american adults who earned less than 75 000 in 2019 with additional 600 per household for each child a federal 300 week add on to existing state level unemployment benefits and a renewal of provisions that expanded unemployment to new groups such as gig economy workers.

In a nutshell the new package extends federal ui programs e g. Individual adults with adjusted gross income on their 2019 tax returns of up to 75 000 a year will receive a 600 payment and a couple or someone whose spouse died in 2020 earning up to. Pua peuc with an extra 300 week for all ui claimants for at least an additional 11 weeks.

The measure contains an up to 600 direct payment to most americans and 600 per child house speaker nancy pelosi. An additional 1 400 in stimulus checks to most americans upping the recently passed 600 payouts to 2 000 renewal and increase of the expanded unemployment benefits that extend payouts to many new classes of workers through september 2021. Here s a comprehensive breakdown of everything inside the 900 billion covid relief bill.

Will i get another stimulus check.