Stimulus Payment Stimulus Check 2 Update Today 2020

The 600 checks will only go out to individuals making less than 75 000 a year or couples making less than 150 000.

Stimulus payment stimulus check 2 update today 2020. Completely ready to go to the floor week of feb. President elect joe biden has proposed issuing a third stimulus check worth 1 400 in addition to the 600 payment given out last month bringing the total direct payment per person to 2 000. New third stimulus check timeline.

The bill payment service found that almost 6 in 10 people will use the stimulus funds for household bills while another 2 in 10 will use the money either to feed their family or pay off credit. The second stimulus checks would be phased out entirely for single people earning over 87 000 or married couples earning more than 174 000 compared with the cares act s phaseout for single. The checks will amount to 600 for each qualifying adult and child half the amount of the 1 200 checks sent out earlier this year.

The house of representatives on monday passed a measure to increase stimulus checks for americans under a certain income level to 2 000 after president donald trump championed the effort sending. The 600 per person payments are part of the stimulus bill. The second stimulus check follows a rocky rollout this spring for more than 160 million stimulus payments directed by the coronavirus aid relief and economic security cares act.

Similar to the cares act individuals making between 75 000 and 100 000 will. As with the first two stimulus checks the total per person limit isn t necessarily what you d get in a final payment.