Who Qualifies For The Second Stimulus Bill

A second round of stimulus checks this time in the amount of 600 usd will be sent to individuals whose gross adjusted income was under 75 000 usd in 2019 for couples the threshold is 150 000 usd.

Who qualifies for the second stimulus bill. A second stimulus check is on the way this time for 600 per person instead of the previous 1 200. To be clear the cares act does not stipulate that an individual be an enrolled college student in order to qualify for that first stimulus check. The new bill follows congress 2 trillion usd cares act that was passed in late march as covid 19 intensified.

With the second stimulus check each eligible adult will get up to 600 decreasing as income raises. They made some slight tweaks to eligibility to keep in mind. The cash act bill which included 2 000 stimulus checks for qualifying individuals passed in the house in december but was blocked from reaching the senate floor by senate majority leader mitch.

Couples who reported an adjusted gross income up to 150 000 will receive 1 200 the income limit per couple is 112 500 for the highest earner or the head of the household. 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. Answers to your questions about the stimulus bill updated dec 30 2020 the economic relief package will issue payments of 600 and distribute a federal unemployment benefit of 300 for at least 10.

Instead the law considers age and taxpayer status. To qualify for a second draw ppp loan a small business must have 300 employees or less down from the original 500 employee maximum in the first round. Congress agreed on this coronavirus pandemic aid measure to hold americans over until a larger package can be passed in january.

Who qualifies for the 600 payment.