Stimulus Checks Next Round
There was a tremendously fast turnaround with the second check.
Stimulus checks next round. President trump democrats and some. Instead president elect joe biden released a proposal for a new stimulus check of up to 1 400 per eligible adult a figure that would raise the 600 second stimulus check maximum to 2 000. In the first round adults were eligible for 1 200 and dependents were eligible for 500.
The first offering 1 200 checks to adults earning roughly less than 75 000 a year or 115 000 per year for heads of households with an additional 500 for children was enacted in march of. For example it took the irs 19 days from. How much will the payments be.
Congress approved a 1 200 per person stimulus in march during the early days of the coronavirus pandemic followed by a 600 per person payment in december 2020. A second round of stimulus checks may be on the way and the potential payments being discussed in congress look a lot like those offered via the cares act that was passed in march. The new checks will be for up to 600 per adult and 600 per child.
In under three weeks the irs and treasury sent over 100 million second stimulus checks.