Second Stimulus Package Rules

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.

Second stimulus package rules. If you got a ppp loan in the first round you can get a second draw ppp loan provided your business does not employ more than 300 employees has used or will use the full amount of the first ppp and can demonstrate at least a 25 percent reduction in gross receipts in the first second or third quarter of 2020 relative to the same quarter in 2019. Here s what the new stimulus package includes for those. President donald trump signed on sunday evening a 900 billion pandemic relief bill into law that includes enhanced unemployment benefits and direct cash payments.

After refusing to sign new stimulus legislation for days outgoing president donald trump finally signed the relief bill sunday evening. Prior to being sworn in biden outlined a stimulus package proposal that would include a third stimulus check for up to 1 400 per adult when combined with. The 900 billion stimulus bill allows non us citizens who have a us citizen spouse to receive a second stimulus check as part of their household a change from the first payment rules.

Specific income criteria for the second round hasn t been released but it likely to follow march s care act which gave full amounts to adults. The second round of checks would have the same type of income phaseouts. The 900 billion package includes 600 per person cash payments half of what people received in the spring.

Single people earning up to 75 000 would receive 600 while married couples earning up to 150 000 would receive 1 200. What we know about the latest stimulus package.