Economic Stimulus Round 2

Sarah tew cnet when could president elect joe biden s proposed 1 9 trillion stimulus package.

Economic stimulus round 2. The legislative package includes a second round of economic impact payments also referred to as stimulus checks to help americans who have been financially impacted by the coronavirus pandemic. Direct deposit or mail. 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.

Data is updated once per day overnight so there s no need to check back more than once per day. The stimulus checks are worth 600 for individuals earning up to 75 000 and couples earning 150 000. Ir 2020 280 december 29 2020 today the internal revenue service and the treasury department will begin delivering a second round of economic impact payments as part of the coronavirus response and relief supplemental appropriations act of 2021 to millions of americans who received the first round of payments earlier this year.

The second round of coronavirus stimulus payments 600 for most taxpayers have started being processed the u s. The irs isn t done paying out the second stimulus check but a third payment is already on the agenda. Confirm that we sent your second stimulus payment.

In addition those with qualifying children will also receive 600 for each qualifying child. For answers to questions about the second economic impact payment see questions and answers about. President donald trump signed on sunday evening a 900 billion pandemic relief bill into law that includes enhanced unemployment benefits and direct cash payments.

Holding off on 160 billion in funding for state and local governments was key to finding support for another round of stimulus payments according to analysts at raymond james. Confirm your payment type. Treasury department has announced.