Second Stimulus Package May

Adults and qualifying children are both eligible for up to 600 each with the second payment.

Second stimulus package may. A second stimulus package may be agreed upon early next week stimulus dec 04 2020 as of friday evening it is possible that a new stimulus deal may be brokered in a matter of days. This is significant news and it s the closest we ve been to a second stimulus package in over 5 months. The coronavirus relief package includes 600 stimulus checks which will be paid out to most americans but the total cost of these checks and other aid to americans adds up to 900 billion.

The house of representatives passed the cash act pdf on dec. More funding may be necessary. 28 to authorize a 2 000 second stimulus payment for every qualifying adult and dependent but it hasn t been picked up for a vote in.

The irs has already started sending out the second stimulus checks that were part of the new coronavirus stimulus package. Direct deposit payments to millions of americans started going out on dec. Some things changed with the second stimulus check and the per person total is one of them.

If the new bill passes it will be the second largest federal stimulus package after the 2 trillion cares act that congress approved in march. The 900 billion package includes 600 per person cash payments half of what people received in the spring. With the second stimulus check each eligible adult will get up to 600 decreasing as income raises.

How much would you get. The 900 billion stimulus package directs 600 to each child in a family as long as they are considered qualifying children under the irs tax code for the child tax credit.