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The economic impact payments or stimulus checks as they ve come to be known as were one of the most hotly debated aspects of the covid 19 relief package congress agreed to earlier this week.
Stimulus check how much we getting. According to the formula used by the irs and a 1 400 per person limit single. The 600 checks called for in the latest relief package would represent half of the 1 200 directed toward most adults in the first round of stimulus checks. With a 2 000 stimulus check that cutoff to receive a partial payment would be 115 000 for a single taxpayer.
The checks will amount to 600 for each qualifying adult and child half the amount of the 1 200 checks sent out earlier this year. 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.
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