What Is Income Limit For Coronavirus Stimulus
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The new stimulus bill sets the income limits for a 600 second check closely to the first but.
What is income limit for coronavirus stimulus. The payments are expected to be 1 200 per adult for those with adjusted gross incomes of up to 75 000. The threshold for married couples is 150 000 who are eligible for 2 400 and 500 per. The income cap for a second round of stimulus checks may well be higher than 40 000 despite recent indications that eligibility will be limited to this figure if a direct payment is included in.
For reference the irs used the following agi limits to determine eligibility. With the amendment proposed by bernie sanders and josh hawley on 10 december which threatens to prevent the senate breaking for christmas unless another round of 1 200 stimulus checks is agreed. Married and joint filer checks phased out at agis over 150 000.
The measure would provide a federal unemployment benefit of 300 a week for roughly 10 weeks less than the 600 provided under the coronavirus aid relief and economic security act passed in march.
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