Second Stimulus Package Guidelines

By aimee picchi updated on.

Second stimulus package guidelines. President donald trump signed on sunday evening a 900 billion pandemic relief bill into law that includes enhanced unemployment benefits and direct cash payments. 600 second stimulus check income limits the figure in the first column above represents the lower income limit to receive the full amount. December 23 2020 1 29 am moneywatch congress reaches 900 billion deal on pandemic relief package.

Second stimulus package relief. 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 per single person or 150 000 per. Food and housing protections the second stimulus package extends the moratorium on evictions which ends at the end of 2020 through january 31 2021.

Here s what we know so far about a possible second stimulus check. A second round of stimulus checks worth 600 has been approved with senators announcing an economic relief package totaling approximately 900 billion. What about that 40 000 income limit.

This stems from mcconnell s statement at an event in early july saying he s open to more. Under the new covid relief package at the full benefit amount a family of four could potentially receive 2 400 though the income criteria for the second stimulus check have not yet been. For a start eligible adults will receive only half the possible total while child dependents will get.

The second stimulus check is different from the first direct payment in more ways than one. 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. How much would you get.