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Congress is set to approve a second round of 600 stimulus checks but there are some restrictions.
Stimulus check 2 how much. Right now stimulus checks for qualifying individuals are 600. Here s what you can expect your payment to be worth. Dependents 17 and over do not qualify for a check.
Similar to the cares act individuals making between 75 000 and 100 000 will receive gradually smaller payments while individuals making 100 000 or more will not receive a stimulus check. Eligible individuals can receive a stimulus check of up to 600. President elect joe biden is proposing sending an additional 1 400 in stimulus checks to qualifying americans.
How much will the stimulus checks be. That would be in addition to the 600 that americans already received adding up to. 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.
Families with children under age 17 can receive an additional 600 per child. Couples who file joint tax returns can receive up to 1 200. On direct payments the original bill provides 600 to individuals making up to 75 000 per year and 1 200 to couples making up to 150 000 with payments.
According to cnbc here are the qualification guidelines for who would get a second check.
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