Stimulus Check 2 Approved Today 2020

The second round of checks would 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.

Stimulus check 2 approved today 2020. As with the first two stimulus checks the total per person limit isn t necessarily what you d get in a final payment. If the senate passes the bill for a second stimulus check at the end of september the house will have until 1 october to agree on it and the president could sign it as early as 2 october. Adults and qualifying children are both eligible for up to 600 each with the second payment.

The 600 checks are half as large as the 1 200 payments lawmakers approved under the cares act in late march but they could still offer many americans a short term financial lifeline within weeks. With the second stimulus check each eligible adult will get up to 600 decreasing as income raises. Already there are signs that consumers may be paring spending as the surge in covid 19 cases saps their confidence in an economic rebound.