Latest News Second Stimulus Payment

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.

Latest news second stimulus payment. The house passed the cash act on dec. As english update 22 december 2020 at 20 57 cet. 28 2020 a bill that would have amended the dec.

2020 stimulus package signed by former president donald trump to bump the 600 upper limit of the second. Congress passed a second stimulus package on december 21 and president trump signed it on december 27. A 2 000 payment has now become a distinct possibility in the not so distant future.

The irs has started delivering the second round of stimulus checks into millions of bank accounts providing 600 for each eligible adult and child. A second round of stimulus checks are on the way and many eligible families are expected to receive the money this month. 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.

Second stimulus payments will be sent automatically. Taxpayers who filed a 2019 tax return and are eligible to receive the 600 stimulus check will be sent one automatically. 600 stimulus payments are going out now through jan.

And the house recently passed a bill to increase the amount of the second stimulus payment from 600 to 2 000 but the senate did not take up the measure.