What Kind Of Payments Are Included In The Stimulus Bill?
Congress and the White House have reportedly agreed on a $2 trillion stimulus bill that includes direct payments to Americans. So what kind of payments can we expect?
The bill includes payments of $1200 for single adults, $2400 for married couples, and $500 for each child under the age of 17. This would apply to people who make less than $75,000 a year or $150,000 for couples.
Everyone who earns less than $99,000 per year will qualify for some sort of payment that includes about 90 percent of Americans. Those who earn more than $75,000 per year will see reduced payments.
As for how soon the checks will be sent out, it could be anywhere from two to six weeks - likely faster for those who have filed their taxes electronically.
The bill also includes a clause for an additional limited $600 week bump in unemployment benefits and an additional 13 weeks of benefits.