Stimulus Bill Passed By Congress

So what s actually inside it.

Stimulus bill passed by congress. The bill clarifies that you can claim normal tax deductions for business expenses paid with ppp money reversing the irs decision. The bill known as the coronavirus response and relief supplemental appropriations act passed with large bipartisan majorities in both the house and senate. Photo by mark reinstein corbis via getty images the us congress just passed their covid stimulus bill or the consolidated appropriations act 2021 to give its official title.

On december 28 the u s. 21 upi congress on. There s a theoretical chance that the new congress could bring up a bill to increase the 600 second stimulus check to 2 000 during trump s final days in office with the irs and us treasury.

This will provide much needed tax relief and aligns with the original intention of the ppp. Trump once again called for its 600 stimulus checks to be boosted to 2 000 per person. It is awaiting president trump s signature which is expected today.

The house is currently agreeing. The answer to that is nothing like as simple as you d expect given the name. The bill the house passed does include a second 1 200 stimulus check.

The irs already had set up a system to distribute 1 200 payments in the stimulus bill passed in march. House of representatives voted to pass a bill to. Congress will vote monday on a 900 billion coronavirus aid package and a spending measure to keep the government operating.

Eligible families will receive an additional. Congress has at last passed a second stimulus bill. Here is a rundown of some of the key.