Stimulus Money Round 2

A 1 400 or 2 000 stimulus check per qualified adult could add up fast for households.

Stimulus money round 2. Here s how to calculate how much money you d get. This covid relief bill did extend the enhanced 300 a week unemployment benefits for up to 11 weeks so if you qualify for unemployment you will likely keep this benefit. What we want to examine here is the government s announcement of a second round of stimulus to try to curb the economic disaster that is starting to hit home.

Adults and qualifying children are both eligible for up to 600 each with the second payment. In addition those with qualifying children will also receive 600 for each qualifying child. By stephen raher december 30 2020.

What the stimulus package says about 2021 eidl loans grants. There is no guarantee that the stimulus payment will be raised to 2 000 or that there will be another round of payments. Whereas the previous round was funded to a tune of 20 billion the new round will be around 40 billion.

Authorized by the newly enacted covid relief legislation the second round of payments or eip 2 is generally 600 for singles and 1 200 for married couples filing a joint return. Just as with the first round of stimulus checks there are income requirements. With the second stimulus check each eligible adult will get up to 600 decreasing as income raises.

Interestingly while the amount of money allocated to the new round of ppp has been decreased the amount allocated to eidl grants is actually being increased. Dependents who are 17 and older are not eligible for the child. Stimulus check qualifications were more generous with a second round than the first and the trend could continue with a third payment.

An individual must have made less than 75 000 on their 2019 tax filings in order to receive the full 600 check.