2nd Stimulus Check Yahoo

A second round of stimulus checks will be sent to americans under the new coronavirus relief deal that democratic and republican leaders reached on sunday.

2nd stimulus check yahoo. The house on friday passed another coronavirus relief package dubbed the heroes act sending it to the republican dominated senate where it s expected to face stiff opposition the new legislation is worth 3 trillion and would provide up to 1 200 per. With the majority of the first coronavirus stimulus payments distributed the question of whether a second round will happen is mounting. Others said it s based off of your 2019 tax return which i have not filed yet.

Last year s payments did nothing to help the economy so don t hold your breath. If the second round of stimulus checks ultimately is the same as the first round payments will start at 1 200 per eligible person 2 400 for married couples filing a joint return. The news comes eight months after the first stimulus checks of up to 1 200 plus 500 for child dependents were sent out.

He took a page from trump s book and proposed 1 400 checks to households bringing the second round total to 2 000. There are proposals for more direct economic assistance to americans but none has even been taken up by either the house of. Also just because there will be a new stimulus package does not mean that there will be more stimulus checks.

I went to the irs website and they didn t say one way or another. President elect obama has proposed a new stimulus package but he doesn t take office until january 20th and there are no details. Even the fed wants you to get another coronavirus stimulus check.

The biden plan isn t all democratic priorities though. With household income now 8 percent above the pre pandemic trend additional checks would do little more than pad savings accounts. But the direct payments will be half as much as the first.