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Individuals earning up to 87 000 will receive some payment.
Cares act stimulus limits. The recent stimulus passed in late december called the covid related tax relief act cut that. 1 eligible families receive an additional 500 for each child under the age of 17. The cares act signed into law on march 27 2020 allowed for a maximum of 1 200 per eligible adult.
Not only is the second round of coronavirus stimulus checks worth less than the first payment but the income limits are also less generous than they were under the coronavirus aid relief and. As with the first direct payment under the cares act the income limits. Individuals within these income limits will qualify.
After weeks of back and forth congress has approved a new 900 billion stimulus package to follow up the cares act from march which included a 1 200 stimulus check 600 in weekly federal. The new stimulus bill sets the income limits for a 600 second check closely to the first but comes with a few adjustments. The cares act from march gave 1 200 checks to individuals earning less than 99 000 or couples earning less than 198 000.
This is based on 2019 adjusted gross income or 2018 agi if you haven t yet filed your 2019 tax return.
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