Stimulus Checks Round Two Update

A second round of stimulus checks may soon land in the bank accounts of millions of americans after president donald trump signed a 900 billion economic relief package on december 27.

Stimulus checks round two update. Every adult with a 2019 adjusted gross income less than 75 000 should receive 600. 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. Adults and qualifying children are both eligible for up to 600 each with the second payment.

Those who earned more than 87 000 will not receive anything for themselves. So will the need for a possible third round of stimulus. The irs said last tuesday that it had started to distribute the checks.

Now 600 stimulus checks will begin to be deposited into americans bank. With the second stimulus check each eligible adult will get up to 600 decreasing as income raises. After days of will he or won t he turmoil president trump signed the 900 billion covid 19 relief bill sunday evening.

The second round of checks will have the same type of income phaseouts as in the cares act with the stimulus check payments reduced for earnings above 75 000 per single person or 150 000 per. That amount declines by five dollars for every 100 a recipient earned over 75 000.