Second Stimulus Package Money Breakdown

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.

Second stimulus package money breakdown. A second stimulus bill has been in the works for months but key legislative gatekeepers have been unable to come to a consensus. How much money you ll receive and when. The legislation would authorize a second round of economic impact payments following the checks americans received in the spring and summer at a cost of 166 billion.

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. Washington unveiling the second major stimulus bill of the pandemic congress on monday approved a 900 billion package aimed at addressing the needs of millions of americans who have been forced. 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.

The initial grant can total up to 10 million per. Individuals who earned more than 75 000 in adjusted gross income couples making at least 150 000 and heads of household bringing in 112 500 will receive smaller checks with payments decreasing. 166 billion in direct checks individuals making up to 75 000 a year will receive a payment of 600 while couples making up to.

The first stimulus bill the coronavirus aid relief and. With the second stimulus relief package approved by the house and senate americans are one step closer to receiving the long anticipated second round of direct payments. Pua peuc with an extra 300 week for all ui claimants for at least an additional 11 weeks.

In a nutshell the new package extends federal ui programs e g.