Stimulus Check 2 Money Breakdown

166 billion in direct checks individuals making up to 75 000 a year will receive a payment of 600 while couples making up to. As congress argues about a second stimulus package here s a look at how the 2 3 trillion coronavirus aid relief and economic security act was divided up. The second stimulus checks will pay up to 600 for each qualifying dependent under the age of 17.

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Stimulus check 2 money breakdown. Second stimulus check payments had a jan. The cares act became the largest. 15 cutoff as part of december s bill authorizing the money.

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 600 stimulus check has entered a second delivery phase. While the package provides far more money for k 12 schools than the first stimulus bill in march the funds still fall short of what both sectors say they need to blunt the effect of the pandemic.

By comparison here s how the first stimulus checks broke down. Here s a breakdown of what s inside the massive year end compromise. Individuals who earned more than 75 000 in adjusted gross income couples making at least 150 000 and heads of household bringing in 112 500 will receive smaller checks with payments decreasing.

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