Second Stimulus How Much Money

While more than twice the size of the second stimulus check which tops off at 600 per person and adds another 600 per child dependent biden s proposal for a third stimulus payment is also.

Second stimulus how much money. Eligible individuals can receive a stimulus check of up to 600. The legislative package includes a second round of economic impact payments also. President donald trump signed a bill that includes 900 billion in pandemic aid relief on the 27th of december.

American adults who earn less than 75 000 will receive the full 600 check while couples who earn less than 150 000 will receive 1 200. 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. Couples who file joint tax returns can receive up to 1 200.

Dependents 17 and over do not qualify for a check. Families with children under age 17 can receive an additional 600 per child. Here s what you can expect your payment to be worth.

The irs said last tuesday that it had started to distribute the checks.