Stimulus Bill Breakdown Amounts

The covid 19 relief package is just one part of a much larger bill that s more than 5 000 pages long.

Stimulus bill breakdown amounts. A 1 400 third stimulus payment not 2 000 the irs has hit the deadline on jan. The second stimulus checks will pay up to 600 for each qualifying dependent under the age of 17. The bill also includes 1 200 for couples making up to 150 000 a year.

The legislation would authorize a second round of economic impact payments following the checks americans received in the spring and summer at a cost of 166 billion. The incoming biden administration unveiled a 1 9 trillion stimulus plan on thursday that offered a wish list of spending measures meant to help both people and the economy recover from the. There are three other key things to know about this portion of the stimulus funds.

166 billion in direct checks individuals making up to 75 000 a year will receive a payment of 600 while couples making up to. Here s a breakdown of what s inside the massive year end compromise. The centerpiece of this plan is a 1 200 direct payment for those earning up to 75 000 per year.

Families will also receive 500 per child. 29 2020 washington the 900 billion stimulus bill that president trump finally signed into law on sunday evening goes well beyond providing the 600 checks. Here s a breakdown of everything inside the 900bn stimulus bill and what it means for the us economy update 300 extra weekly for those filing unemployment 600 one time only not 1200 per single person making so much annually.

You should note that both the first and second rounds of stimulus checks also provide extra payments for families with qualifying dependents under the age of 17. The size of the benefit would be reduced for those earning more than 75 000 or 150 000 per married couple similar to the. Congress on monday passed a 900 billion stimulus package which includes direct payments of 600 to most americans.

By comparison here s how the first stimulus checks broke down. For higher earners payment amounts will phase out ending altogether at the 99 000 income level.