Second Stimulus Package For Individuals

Second stimulus checks provide 600 for people with an agi of up to 75 000 and married joint filers earning up to 150 000 will get 1 200.

Second stimulus package for individuals. A second round of stimulus checks is a definite possibility the cares act passed in march was the first stimulus package intended to help people financially affected by the pandemic. Another stimulus check for individuals is on the table. The second stimulus checks would be phased out entirely for single people earning over 87 000 or married couples earning more than 174 000 compared with the cares act s phaseout for single.

A 748 billion package would provide the majority of support. The 600 checks will only go out to individuals making less than 75 000 a year or couples making less than 150 000. The second round of coronavirus stimulus checks are worth less than the first payment and the income.

The package sends direct stimulus payments of 600 to individuals half the amount provided in the first round of checks which went out in the spring. Individuals who earned up to 75 000 in 2019 will get the full amount of 600 and couples. Similar to the cares act individuals making between 75 000 and 100 000 will.